TCREUR_Public/051107.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

            Monday, November 7, 2005, Vol. 6, No. 220

                            Headlines

C Y P R U S

CYPRUS AIRWAYS: Government Softens Stand on Sale


C Z E C H   R E P U B L I C

AERO VODOCHODY: Attracts Ten Potential Buyers


F R A N C E

CLUB MEDITERRANEE: Sells Properties to Gecina for EUR225 Million
COMPAGNIE MARSEILLE: Asks Court for Debt Moratorium
DECERNY: Court Strikes out Jeweler
MCCORMICK FRANCE: Undergoes Insolvency to Restructure Business


G E R M A N Y

ABC BAUUNTERNEHMUNG: Duesseldorf Firm Succumbs to Bankruptcy
DAIMLERCHRYSLER AG: Finance Unit Opens Beijing Office
FUBA PRINTED: Creditors Back Rescue Plan
IHR PLATZ: Goldman Sachs Targets Turnaround by 2006
KOTSCHENREUTHER CARGOBOX: Coburg Court Appoints Administrator

MAUSER BETEILIGUNGS: 'B+' Ratings Off CreditWatch
MD INTERNATIONAL: Creditors Meeting Set December 6
MERCUR-BAU: Leipzig Court to Verify Claims January
RIETSCH HEIZUNGSBAU: Proofs of Claim Due December
SANITATSHAUS RICHTS: Under Bankruptcy Administration

TOOLS & TOYS: Goes Belly up
VOLKSWAGEN AG: Nine-month Pre-tax Profit Jumps to EUR1.1 Billion
WIB KUNSTSTOFFTECHNIK: Claims Filing Period Ends November 18


K A Z A K H S T A N

TEMIRBANK: Fitch Lowers Rating to 'B-'; Outlook Stable


N E T H E R L A N D S

ROYAL NUMICO: Completes Divestment of Brazilian Unit
ROYAL SHELL: Settles Pension Row with Dutch Workers
ROYAL SHELL: Has 3,989,040,000 Remaining 'A' Shares


R U S S I A

BELOKALITVINSKIY: Deadline for Proofs of Claim Tomorrow
BELORECHENSK-AUTO-REM-SERVICE: Under Bankruptcy Supervision
EXPERIMENTAL: Insolvency Manager A. Kharitonov Enters Firm
KOMSOMOLSK-LES: Komi Court Opens Bankruptcy Proceedings
KUBANETS: Claims Filing Period Ends Next Month

MANTUROVSKOYE: Insolvency Manager Takes over Business
PALKINSKIY FLAX: Declared Insolvent
SHELOKHOVSKOYE: Creditors Have Until Tomorrow to File Claims
TRUST ENGELS-STROY: Sets Public Auction Next Week
VOLZHSKIYE ENGINES: Succumbs to Bankruptcy
YUKOS OIL: Sells Stake in Sakhaneftegaz
YUKOS OIL: Third-quarter Net Income Nearly Doubles


U K R A I N E

ANTEKS: Appoints Insolvency Manager
SUBPIDRYAD: Goes into Liquidation
UKRSPECPROM: Declared Insolvent
UKRTELECOM: Managers Accused of Fraudulently Bankrupting Firm


U N I T E D   K I N G D O M

ANGEL REALISATIONS: Falls into Administration
ARCHITECTURAL BRONZE: Appoints Liquidator from Begbies
ARLA FOODS: KPMG to Liquidate Business
ASPECT DISTRIBUTION: Files for Liquidation
B-CONSULTANTS LIMITED: Liquidator Enters Firm

BRENLYN LIMITED: Members Pass Winding-up Resolutions
BTJL (HOLDINGS): Names Liquidator from Leonard Curtis
CATER-RING LIMITED: In Liquidation
CHARACTER GROUP: Second-half Sales Buoy Full-year Results
CLYDESDALE BANK: Continues Bank Closures

COLLINS & AIKMAN: Ross Bares Grand Plan for Parts Industry
COM-LOGIC SOLUTIONS: Calls in Liquidator
COMPASS GROUP: Fires Three Executives over U.N. Scam
CONSTELLATION EXPRESS: Goes into Liquidation
CPL CONTRACTING: Hires Leonard Curtis to Liquidate Business

CROSS CATERING: Calls in Liquidator
DADA CLOTHING: Files for Liquidation
DANKA BUSINESS: Reveals GBP11.5 Million Half-year Loss
DIGITAL JESTERS: Resolves Winding-up Order
GEOFF BUTLER: Liquidator from Mabe Allen Enters Firm

GOSHAWK INSURANCE: In Breach of Banking Covenants
GRASS ROOTS: EGM Passes Winding-up Resolution
HOLLYWOOD DVD: Meeting of Creditors Set Today
INFOSYSTEMS (EUROPE): Appoints Liquidator from Phillips & Co.
INTELLIGENT VISION: Goes into Liquidation

ISISGREEN LIMITED: Bar Operator Calls in PwC Administrator
LU CONTRACT: 16 Firms File for Liquidation
METALEN PRODUCTS: Calls in Elwell Watchorn Administrator
METROK LIMITED: Administrators from Hacker Young Enter Firm
MG ROVER: Nanjing Open to Approaches; Revival Talks Ongoing

MIRROR PRINT: DTI Asks High Court to Liquidate Firm
MISYS PLC: Appoints New Non-executive Director
MISYS PLC: Splits Chairman, Chief Executive Roles
PETER COOK: Names Administrators from PricewaterhouseCoopers
QUALITY ENGINEERING: Members Decide to Wind up Firm

QUALWELD LIMITED: Administrators from CLB Take over Company
RENTOKIL INITIAL: Q3 Profit Drops 21.3% to GBP53.3 Million
RENTOKIL INITIAL: Rating Cut to 'BBB'; Outlook Stable
SOLUTIONS E2: Files for Liquidation
STAIR & COMPANY: Liquidator from Moore Stephens Enters Firm

STEADBERRY (1991): Calls in Liquidator
SYNTHESIS GROUP: Names Tenon Recovery Liquidator
U.K. COAL: Consortium Drops Bid Plans
UNIVERSAL TRANSFORMERS: Appoints Administrator
WILLOWDOME LIMITED: Advertising Firm Liquidates

WILTON GRAPHICS: EGM Passes Winding-up Resolution
WYATTS OF THETFORD: Goes into Liquidation
YELLOW ROSE: Textile Firm Winds up
YOOKAY LIMITED: Calls in Liquidator


                            *********


===========
C Y P R U S
===========


CYPRUS AIRWAYS: Government Softens Stand on Sale
------------------------------------------------
The government is willing to privatize loss-making Cyprus Airways
(CA) if a buyer is found, The Financial Mirror says.

The government, which has been reluctant to sell its 69.7% stake,
has changed its stand apparently because of the continued
hostility of unions towards CA's rescue plan.

President Tassos Papadopoulos himself revealed the government's
decision, but added CA must be restructured first.  "The first
thing any investor looks at is whether a concern is profitable.
I don't know any investor who invests to take on a loss."

CA's losses have forced the government to seek permission from
the European Commission to back a CYP58 million bridging loan.
External consultants last month forecasted CYP28 million in
losses for 2005.

The board had until Thursday last week to submit a rescue plan to
the Commission to receive a needed CYP58 million loan to repay
CYP30 million in maturing debt, cover CYP10 million in redundancy
costs and finance the restructuring.  Unions predict the plan
will fail like all others because it does not address the core
issues confronting the airline.

The plan aims to save at least CYP20 million annually via 383
forced redundancies; 8% pay-cut for pilots and managers, and 5%
for other employees; diminution of other benefits, including the
provident fund; and outsourcing of services.

CONTACT:  CYPRUS AIRWAYS LIMITED
          21 Alkeou Str.
          2404 Engomi
          P.O. Box 21903
          1514 Nicosia, Nicosia
          Phone: 22663054
          Fax: 22663167
          E-mail: webcentre@cyprusair.com.cy
          Web site: http://www.cyprusairways.com


===========================
C Z E C H   R E P U B L I C
===========================


AERO VODOCHODY: Attracts Ten Potential Buyers
---------------------------------------------
Around ten bidders are interested in acquiring troubled plane
maker Aero Vodochody (AV), Access Czech Republic Business
Bulletin says.

AV's board met on Oct. 26 to outline the privatization criteria,
which should be submitted to the government before the end of the
month.  The government expects to gain up to CZK10 billion from
AV's sale, but analysts say bidders are not willing to go beyond
CZK5 billion.  A report by consultancy group Deloitte pegged AV's
value at CZK814 million.  According to the Bulletin, AV's sale
will be launched at the turn of 2005/2006.

The company expects to post CZK500 million in losses this year,
in contrast to last year's CZK295 million profit last year.  The
government, through privatization agency Ceska konsolidacni
agentura (CKA), is currently looking for a private investor to
save the plane maker from bankruptcy.

The government took over Boeing's share in the company in October
2004 citing dissatisfaction over the latter's inability to secure
enough orders for Aero.  It then attempted to restructure the
firm by writing off debt, but the European Commission thwarted
the plan for being an illegal state aid.

CONTACT:  AERO VODOCHODY A.S.
          250 70 Odolena Voda
          Phone: +420 25576 1111
          Fax: +420 25576 2111
               +420 25576 5999
          Web site: http://www.aero.cz


===========
F R A N C E
===========


CLUB MEDITERRANEE: Sells Properties to Gecina for EUR225 Million
----------------------------------------------------------------
Gecina Group will acquire the assets of four Club Mediterranee
villages (Val d'Isere, Peisey-Vallandry, La Plagne 4 and Opio).
The transaction amounts to a total of EUR225 million, including
EUR33 million in renovation work financed by Gecina at the La
Plagne 2100 and Opio villages.  A 12-year lease agreement,
renewable at Club Mediterranee's option, has been signed with
Gecina, with a net rent equivalent to 7% of the transaction
price.

For Club Mediterranee, the transaction is part of the
implementation of its new strategy and will enable it to
refinance, on attractive terms, four of its most beautiful
villages: Val d'Isere, which was recently renovated;
Peisey-Vallandry, which will open this winter; and La Plagne 2100
and Opio, which will soon be renovated.  All of these villages
illustrate the Group's move upmarket.

The transaction demonstrates Gecina's commitment to increase its
portfolio by investing in commercial and residential real estate,
as well as in new assets such as hotels.

"This transaction represents the first phase in the strategy of
diversifying our business," said Joaquin Rivero Valcarce, Gecina
chairman and chief executive.  "It has enabled us to forge a
long-term partnership with Club Mediterranee, the world leader in
upscale all-inclusive vacations.  We want to increase and
energize our asset portfolio by investing in high quality real
estate products to improve group performances."

At the signing, Club Mediterranee Chief Executive Officer Henri
Giscard d'Estaing said: "[T]his transaction, which is part of the
implementation of our new upmarket strategy, has given Club
Mediterranee additional resources and greater financial
flexibility to successfully deploy this strategy.  I am pleased
that this transaction is being carried out with a partner as
prestigious as Gecina, France's leading real estate investment
company."

Gecina is France's foremost listed property company investing in
commercial and residential rental properties and a leader in the
euro zone, with real estate holdings valued at nearly EUR9
billion (unit value as at June 30, 2005).  A portfolio of 18,400
apartments and more than one million square meters of office and
retail space gives the Group a unique profile, combining
profitable return and safe investment.  Listed on Euronext Paris,
Gecina has a market value of EUR6 billion.

                            *   *   *

Club Mediterranee said it will break even in 2005 for the first
time in five years as it announced the sale of the villages.

CONTACT:  CLUB MEDITERRANEE
          Media
          Thierry Orsoni
          Phone: +33 (0)1 53 35 31 29
          E-mail: thierry.orsoni@clubmed.com

          Analysts
          Caroline Bruel
          Phone: +33 (0)1 53 35 30 75
          E-mail: caroline.bruel@clubmed.com


COMPAGNIE MARSEILLE: Asks Court for Debt Moratorium
---------------------------------------------------
Compagnie Marseille Reparation (CMR) has filed for bankruptcy
after the European Commission ordered it to return EUR3.5 million
in illegal state aid.

The operator of France's last repair yard for heavy vessels in
the Mediterranean coast has asked the commercial court in
Marseille for a debt moratorium.  Expected to rule on the request
within days, the court will also decide whether to continue the
company's receivership for six months or order its liquidation.

As reported by TCR-Europe on Oct. 31, CMR Chairman and
Chief Executive Claude Miguet had tried to repay the state aid
granted three years ago.  He said the company filed for
receivership to temporarily shield it from creditors so it can
participate in a crucial tender.  The company is bidding for the
contract to operate dry docks No. 8 and 9 in the port of
Marseilles.

The bid has the backing of prospective shareholders, including
Spain's Boluda group and a number of Marseilles shipping
companies.  Mr. Miguet says Boluda remains interested in buying a
majority stake in the company despite the adverse EC ruling.  It
is eyeing a 55% stake, but does not want to assume CMR's debt.
Other investors interested in CMR are ferry operators SNCM and
Compagnie Meridionale de Navigation, tanker operator Fouquet
Sacop and CMA CGM.

Mr. Miguet is willing to forfeit his stake if this would erase
CMR's debt.  He currently owns 52% of the company; the rest
belong to subcontractors and the Dietmann group.  CMR employs 140
people directly and provides work to 300 subcontractors.

CONTACT:  COMPAGNIE MARSEILLE REPARATION
          Enceinte Portuaire Mourepiane
          BP 57
          13315 MARSEILLE
          Tel: 04-91-03-52-00
          Fax: 04-91-69-69-61


DECERNY: Court Strikes out Jeweler
----------------------------------
Watch and jewelry company, Decerny, ceased operating on November
5, Les Echos says.  A court in the city of Nantes put the company
into compulsory liquidation after undergoing three insolvency
proceedings, Les Echos says.  Jewelry company JK Bijoux bought
Decerny in 2003.

CONTACT:  DECERNY
          Web site: http://www.decerny.com/


MCCORMICK FRANCE: Undergoes Insolvency to Restructure Business
--------------------------------------------------------------
Tractor transmission company, McCormick France, has filed for
insolvency after accumulating EUR13 million in losses in
September, Les Echos says.

The company will implement a restructuring plan in the next six
months while under court-supervised administration.  The plan
will require 200 job cuts, according to the report.

The works council will appeal the insolvency, citing the
company's failure to inform it about the suspension of debt
payments.  A division of U.S. tractor group McCormick, the
company employs 712 workers in France.

CONTACT:  MCCORMICK FRANCE
          Site Agroparc
          315 rue Marcel Demonque
          84917 Avignon cedex 9
          Phone: 33 (0) 4 32 73 65 65
          Fax: 33 (0) 4 32 73 65 00


=============
G E R M A N Y
=============


ABC BAUUNTERNEHMUNG: Duesseldorf Firm Succumbs to Bankruptcy
------------------------------------------------------------
The district court of Duesseldorf opened bankruptcy proceedings
against abc Bauunternehmung GmbH on September 1.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until October 18, 2005 to
register their claims with court-appointed provisional
administrator Dr. Frank Kebekus.

Creditors and other interested parties are encouraged to attend
the meeting on November 8, 2005, 8:50 a.m. at the district court
of Duesseldorf, Hauptstelle, Muehlenstrasse 34, 40213
Duesseldorf, 4. OG. Altbau, A 409, at which time the
administrator will present his first report of the insolvency
proceedings.  The court will also verify the claims set out in
the administrator's report during this meeting, while creditors
may constitute a creditors committee and or opt to appoint a new
insolvency manager.

CONTACT:  ABC BAUUNTERNEHMUNG GmbH
          Rheydter Str. 88, 41464 Neuss
          Contact:
          Wangler Veronika, Manager
          Gotenstr. 13, 41462 Neuss

          Dr. Frank Kebekus, Administrator
          Scheibenstrasse 45, 40479 Duesseldorf


DAIMLERCHRYSLER AG: Finance Unit Opens Beijing Office
-----------------------------------------------------
DaimlerChrysler AG's financing arm, DaimlerChrysler Financial
Services, has started operating in China, said Asia Pulse.

Based in Beijing, the auto-financing business is registered as
DaimlerChrysler Auto Finance (China) Ltd.  DaimlerChrysler is the
first automotive company in China to offer financing for both
passenger and commercial vehicles.

In September, DaimlerChrysler received final approval from the
China Banking Regulatory Commission for the operation.  This
amidst a downturn in the proportion of cars bought with loans in
China.  This trend is expected to improve as the country carry
out reforms to improve credit system and banking risks.

Juergen Walker, chairman of the Board of Management at
DaimlerChrysler Financial Services AG in Beijing, said: "DCAFC
will offer competitive rates and insurance services for passenger
car customers and commercial vehicle owners from one source, just
as we do in other markets."

DCAFC Managing Director Dr. Wolf Bay revealed the company is
eyeing to seal about 3,000 financing contracts by next year.

In August, DaimlerChrysler raised its shareholding in a joint
venture with Beijing Automotive Industry Corp. from 42% to
50%.  The transaction, which reportedly involved several millions
of euros, will see the production of 25,000 vehicles annually.
The carmaker also intends to launch in China its first Mercedes
Benz E-class sedans by November.  This will be followed by the
C-class, while other Chrysler and Mitsubishi models will be made
there.

CONTACT:  DAIMLERCHRYSLER AG
          70546 Stuttgart, Germany
          Phone: +49 711 17 0
          Fax: +49 711 17 22244
          Web site: http://www.daimlerchrysler.com


FUBA PRINTED: Creditors Back Rescue Plan
----------------------------------------
Creditors of Fuba Printed Circuits GmbH on Oct. 25 approved the
restructuring plan of the company.  They confirmed Fuba's
self-administration, and the appointment of Torsten Gutmann from
Lehrte/Hannover as trustee.

Fuba's managers said the company is in part ahead of its business
goals.  It has already forwarded some orders to Fuba Tunisia, and
its turnover for July to September has exceeded target.

As reported by TCR-Europe on Sept. 19, the local court in
Osterode accepted on Sept. 1 a proposal to restructure Fuba.  The
insolvency plan proposed by general managers Walter Drach and
Andreas Ebeling will allow the company to continue its activities
while trying to trim down debt.  Under it, creditors have the
choice of receiving a quoted part of their claims or defer them
to the company.  It will also allow Tunisian partner FUBA Printed
Circuits Tunisie S.A., a 10% shareholder since August 2005, to
increase its share to 50%.

Banks granted a bulk credit of EUR3 million to the firm in
mid-July.  FUBA also obtained long-term collective reorganization
agreements for its Gittelde and Dresden plants.

Europe's fourth largest European manufacturer of Printed Circuit
Boards filed for bankruptcy protection in July.  Mr. Ebeling
blames the global break-in of the market for printed circuit
boards as well as overcapacity and high personnel costs for its
troubles.  The company has existed for 46 years.  It had earlier
set a turnover of EUR100 million for fiscal year 2003/2004.

CONTACT:  FUBA PRINTED CIRCUITS GmbH
          Bahnhofstrasse 3
          37534 Gittelde
          Germany
          Phone: +49 (5327) 880-0
          Fax: +49 (5327) 880-200
          E-mail: infogittelde@fpc.de
          Web site: http://www.fpc.de

          Dresden Site
          Kesselsdorfer Strasse 216
          01169 Dresden
          Germany
          Phone: +49 (351) 4133-0
          Fax: +49 (351) 4133-320
          E-mail: infodresden@fpc.de


IHR PLATZ: Goldman Sachs Targets Turnaround by 2006
---------------------------------------------------
Creditors of Ihr Platz will meet on November 17 to vote on its
restructuring plan, Borsen-Zeitung says.  The plan is certain to
pass because Goldman Sachs and Deutsche Bank, which own majority
of the company's debt, support the plan.  The pair bought the
company for EUR120 million and took over its debt late last year.
In May, they placed the German chain of chemists' shops under
insolvency proceedings to restructure its operations.  They hope
to turn around the business next year.

CONTACT:  IHR PLATZ GMBH + CO. KG
          CardService
          Postfach 3740
          49027 Osnabruck
          Phone: (0800) 50 35 131
          Web site: http://www.ihrplatz.de


KOTSCHENREUTHER CARGOBOX: Coburg Court Appoints Administrator
-------------------------------------------------------------
The district court of Coburg opened bankruptcy proceedings
against Kotschenreuther Cargobox-Systeme GmbH & Co KG on October
14.  Consequently, all pending proceedings against the company
have been automatically stayed.  Creditors have until November 7,
2005 to register their claims with court-appointed provisional
administrator Thomas Linse.

Creditors and other interested parties are encouraged to attend
the meeting on December 19, 2005, 1:00 p.m. at the district court
of Coburg, Sitzungssaal G, I. Stock, Nebengebaude, at which time
the administrator will present his first report of the insolvency
proceedings.  The court will also verify the claims set out in
the administrator's report during this meeting, while creditors
may constitute a creditors committee and or opt to appoint a new
insolvency manager.

CONTACT:  KOTSCHENREUTHER CARGOBOX-SYSTEME GmbH & Co KG
          Jenaer Str. 3 in 96450 Coburg
          Contact:
          Guenter Kasper, Manager

          Thomas Linse, Administrator
          Rosenauer Strasse 22, 96450 Coburg
          Phone: 09561/80340
          Fax: 09561/803434


MAUSER BETEILIGUNGS: 'B+' Ratings Off CreditWatch
-------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B+' long-term
corporate credit ratings on Germany-based packaging manufacturer
Mauser Beteiligungs GmbH and Mauser Werke GmbH & Co. KG, the
immediate parent company of Mauser's main operating subsidiaries,
and removed the ratings from CreditWatch, where they had been
placed with negative implications on Aug. 23, 2005.  The outlook,
which was stable before the CreditWatch placement, is now
negative, reflecting our concerns that the group's strategy of
debt-financed acquisitions may weaken its already highly
leveraged financial profile.  This would make it a challenge for
the group to post adequate credit protection measures in the
current, difficult trading environment.

"Prior to the Russell Stanley deal, we had been expecting the
group to improve its credit protection measures in the short term
through better profitability achieved through cost savings and
synergies from recent acquisitions," said Standard & Poor's
credit analyst Vanessa Brathwaite.

"Mauser's proposed acquisition of U.S.-based packaging
manufacturer Russell Stanley, however, will prevent this,
although it will likely be positive for the group's business risk
profile, as it offers economies of scale and further cost
synergies."

Pro forma for the proposed acquisition, Mauser had total debt of
EUR366 million ($441 million) at June 30, 2005, including
unfunded pension liabilities.

"The ratings continue to reflect the group's sensitivity to
raw-material price fluctuations and weak profitability, as well
as the fairly mature and fragmented industry in which it
operates," said Ms. Brathwaite.

These factors are mitigated by the group's large market share in
the industrial packaging industry, global distribution network
and market presence, and focus on growth sectors such as plastic
drums and intermediate bulk containers.

"The ratings could be lowered in the near term if debt levels
increase further, or if the prospects for improvements in
profitability and cash flow remain weak," added Ms. Brathwaite.

A revision of the outlook back to stable would depend on Mauser's
ability to reach and maintain long-term expectations for the
ratings.  In particular, funds from operations to total lease-
and pension-adjusted debt should be at least 15% and total lease-
and pension-adjusted debt to EBITDA should be about 4x by the end
of 2006.

Ratings information is available to subscribers of RatingsDirect
at http://www.ratingsdirect.com It can also be found at
http://www.standardandpoors.com Alternatively, call one of the
following Standard & Poor's numbers: Client Support Europe (44)
20-7176-7176; London Press Office Hotline (44) 20-7176-3605;
Paris (33) 1-4420-6708; Frankfurt (49) 69-33-999-225; Stockholm
(46) 8-440-5916; or Moscow (7) 095-783-4017.  Members of the
media may also contact the European Press Office via e-mail:
media_europe@standardandpoors.com

CONTACT:  MAUSER BETEILIGUNGS-GMBH
          Schildgesstr. 71-163
          50321 Bruhl
          Phone: (02232) 78-0
          Fax: (02232) 78-208


MD INTERNATIONAL: Creditors Meeting Set December 6
--------------------------------------------------
The district court of Muenchen opened bankruptcy proceedings
against MD International GmbH on October 7.  Consequently, all
pending proceedings against the company have been automatically
stayed.  Creditors had until November 6, 2005 to register their
claims with court-appointed provisional administrator Alfred
Korbitz.

Creditors and other interested parties are encouraged to attend
the meeting on December 6, 2005, 9:10 a.m. at the district court
of Muenchen, Infanteriestr. 5, Sitzungssaal 102, at which time
the administrator will present his first report of the insolvency
proceedings.  The court will also verify the claims set out in
the administrator's report during this meeting, while creditors
may constitute a creditors committee and or opt to appoint a new
insolvency manager.

CONTACT:  MD INTERNATIONAL GmbH
          Riedererstr. 1 in 85229 Markt Indersdorf

          Alfred Korbitz, Administrator
          Promenadeplatz 9, 80333 Muenchen
          Phone: 089/24216730
          Fax: 089/24216745


MERCUR-BAU: Leipzig Court to Verify Claims January
--------------------------------------------------
The district court of Leipzig opened bankruptcy proceedings
against Mercur-Bau GmbH on October 6.  Consequently, all pending
proceedings against the company have been automatically stayed.
Creditors have until December 7, 2005 to register their claims
with court-appointed provisional administrator Ruediger Wolf.

Creditors and other interested parties are encouraged to attend
the meeting on January 4, 2006, 10:30 a.m. at the district court
of Leipzig, Saal 145, at which time the administrator will
present his first report of the insolvency proceedings.  The
court will also verify the claims set out in the administrator's
report during this meeting, while creditors may constitute a
creditors committee and or opt to appoint a new insolvency
manager.

CONTACT:  MERCUR-BAU GmbH
          Contact:
          Helmut Freiherr von Hebel, Manager
          Richard-Koberlein-Str. 5, 04720 Dobeln

          Ruediger Wolf, Administrator
          Walter-Kohn-Strasse 1b, 04356 Leipzig


RIETSCH HEIZUNGSBAU: Proofs of Claim Due December
-------------------------------------------------
The district court of Hof opened bankruptcy proceedings against
Rietsch Heizungsbau- und Solartechnik GmbH on October 12.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until December 16,
2005 to register their claims with court-appointed provisional
administrator Dr. Bernd Schneiderbanger.

Creditors and other interested parties are encouraged to attend
the meeting on January 10, 2006, 1:30 p.m. at the district court
of Hof, Sitzungssaal 012, Erdgeschoss, Berliner Platz 1, 95030
Hof, at which time the administrator will present his first
report of the insolvency proceedings.  The court will also verify
the claims set out in the administrator's report during this
meeting, while creditors may constitute a creditors committee and
or opt to appoint a new insolvency manager.

CONTACT:  RIETSCH HEIZUNGSBAU- UND SOLARTECHNIK GmbH
          Kleinklingenthal 4 in 95194 Regnitzlosau

          Dr. Bernd Schneiderbanger, Administrator
          Schillerstr. 2, 95028 Hof
          Phone: 09281/71550
          Fax: 09281/715555


SANITATSHAUS RICHTS: Under Bankruptcy Administration
----------------------------------------------------
The district court of Leipzig opened bankruptcy proceedings
against Sanitatshaus Richts GmbH on October 13.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until November 21, 2005 to
register their claims with court-appointed provisional
administrator Dr. Florian Stapper.

Creditors and other interested parties are encouraged to attend
the meeting on December 21, 2005, 11:00 a.m. at the district
court of Leipzig, Saal 056, at which time the administrator will
present his first report of the insolvency proceedings.  The
court will also verify the claims set out in the administrator's
report during this meeting, while creditors may constitute a
creditors committee and or opt to appoint a new insolvency
manager.

CONTACT:  SANITATSHAUS RICHTS GmbH
          Daniel-Wilhelm-Beck-Str. 13, 04720 Dobeln
          Contact:
          Siegfried Kupfer, Manager

          Dr. Florian Stapper, Administrator
          Karl-Heine-Strasse 16, 04229 Leipzig


TOOLS & TOYS: Goes Belly up
---------------------------
The district court of Charlottenburg opened bankruptcy
proceedings against Tools & Toys GmbH on October 13.
Consequently, all pending proceedings against the company have
been automatically stayed.  Creditors have until January 13, 2006
to register their claims with court-appointed provisional
administrator Sebastian Laboga.

Creditors and other interested parties are encouraged to attend
the meeting on November 30, 2005, 9:45 a.m. at the district court
of Charlottenburg, Amtsgerichtsplatz 1, 14057 Berlin, II. Stock
Saal 218, at which time the administrator will present his first
report of the insolvency proceedings.  The court will also verify
the claims set out in the administrator's report on March 8,
2006, 9:00 a.m. at the same venue.

CONTACT:  TOOLS & TOYS GmbH
          Brunnenstr. 196,10119 Berlin

          Sebastian Laboga, Administrator
          Einemstr. 24, 10785 Berlin


VOLKSWAGEN AG: Nine-month Pre-tax Profit Jumps to EUR1.1 Billion
----------------------------------------------------------------
Volkswagen AG has reported results for the period January to
September 2005.

Highlights

(a) Development of Volkswagen Group in the third quarter
    demonstrates that initial steps towards a fundamental
    improvement in performance have been successful.  In a
    difficult environment, however, substantial efforts will be
    needed in the coming years to achieve Group targets;

(b) Increase in Volkswagen Group operating profit for the period
    January to September 2005 of 57.8% year-on-year to EUR2.0
    billion (previous year: EUR 1.2 billion); significant
    improvement in Automotive Division operating profit;
    Financial Services Division records steady growth;

(c) Group profit before tax rises by 44.4% year-on-year to
    EUR1.1 billion (previous year: EUR765 million);

(d) Increased unit sales lift Group sales revenue by 5.3% year-
    on-year to EUR69.9 billion (previous year: EUR66.3 billion);

(e) At 4.4%, ratio of investments in property, plant and
    equipment (capex) to sales revenue in the Automotive
    Division significantly lower in the first nine months
    (previous year: 6.3%), increasing net cash flow by 57.2% to
    EUR1.7 billion (previous year: EUR1.1 billion);

(f) Net liquidity in the Automotive Division once again positive
    at EUR148 million; and

(g) New model initiative successful:

    (i) Global deliveries to customers rise by 3.1% year-on-
        year; higher market share especially in Western Europe;

   (ii) Golf maintains pole position for Western European new
        registrations; Fox, Polo, Touran and Audi A4 lead their
        segments in Germany; Multivan/Transporter again the most
        popular light van;

  (iii) Jetta and Passat Variant successfully launched in
        Germany;

   (iv) New generation Golf R32 and SEAT Leon in the market from
        September;

    (v) World premiere for Volkswagen Eos convertible coupe and
        innovative Audi Q7 at the IAA; Audi RS 4 presented; and

   (vi) Innovative TSI(R) engine technology meets enthusiastic
        response.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
January-September                       2005     2004   +/-  (%)
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Volkswagen Group:

Deliveries to customers   '000 units   3,864    3,746    +   3.1

- excluding China         '000 units   3,456    3,282    +   5.3

Vehicle sales             '000 units   3,841    3,832    +   0.2

- excluding China         '000 units   3,513    3,374    +   4.1

Production                '000 units   3,897    3,865    +   0.8

- excluding China         '000 units   3,561    3,401    +   4.7

Sales revenue            EUR million  69,873   66,344*   +   5.3

Operating profit         EUR million   1,961    1,242    +  57.8

Profit before tax        EUR million   1,104      765    +  44.4

Profit after tax         EUR million     685      459    +  49.3


Automotive Division:

Cash flows from operating
activities               EUR million   5,641    6,359    -  11.3

Cash flows from investing
activities               EUR million   3,946    5,280    -  25.3

Net liquidity at
September 30             EUR million     148  - 1,466          x
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
[*] Restated to reflect the reclassification of the income
statement in the 2004 consolidated financial statements.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

As expected, there was no significant improvement in the economic
environment in the first nine months of 2005, and the overall
situation in the important automotive markets remained difficult.

We expect that competitive pressures will further increase,
especially in the Chinese and U.S. markets.  Nor do we expect any
easing in the cost of raw materials in the foreseeable future.
Moreover, we believe that the high oil price and the resulting
record high fuel prices will further dampen automotive consumer
confidence.

In the U.S. passenger car market, our position stabilized towards
the end of the third quarter, following the launch of our new
Jetta and Passat models and the full availability of the Audi A4
and Audi A6, and we expect this to continue in the fourth
quarter.  However, due to the difficult market situation there,
we will not match the previous year's delivery levels.  In
Western Europe, we are convinced that the new models in our
range, such as the Passat Variant, Jetta, Golf R32, Audi RS 4 and
SEAT Leon, will continue the positive trend in delivery figures
in recent months and further increase our market share.  This
applies especially to the German passenger car market.  For this
reason, we are reiterating our full-year forecast that global
deliveries to customers will increase over the previous year.

The systematic implementation of our ForMotion program
contributed EUR2.6 billion to earnings in the reporting period.
We will therefore achieve our target earnings contribution of
EUR3.1 billion in 2005.

A package of workforce reduction measures has been agreed with
the Works Council of Volkswagen AG under the terms of the
collective wage agreement.  The following instruments are among
those that will be used: immediate retirement, age-based
termination agreements and individual termination agreements.  It
will be reflected in the fourth quarter of 2005 in the form of
special items charged to the Volkswagen Group's operating profit.
However, these special items will be lower than in the previous
year.

Overall, we continue to expect a year-on-year improvement in both
operating profit after special items and profit before tax in
2005.

CONTACT:  VOLKSWAGEN AG
          Brieffach 1848-2
          38436 Wolfsburg, Germany
          Phone: +49 53 61 90
          Fax: +49 53 61 92 82 82
          Web site: http://www.volkswagen.de


WIB KUNSTSTOFFTECHNIK: Claims Filing Period Ends November 18
------------------------------------------------------------
The district court of Gera opened bankruptcy proceedings against
WIB Kunststofftechnik GmbH & Co. KG on October 25.  Consequently,
all pending proceedings against the company have been
automatically stayed.  Creditors have until November 18, 2005 to
register their claims with court-appointed provisional
administrator Dr. H. Hess.

Creditors and other interested parties are encouraged to attend
the meeting on December 6, 2005, 9:35 a.m. at the district court
of Gera, Rudolf-Diener-Str. 1, Zimmer 317, at which time the
administrator will present his first report of the insolvency
proceedings.  The court will also verify the claims set out in
the administrator's report during this meeting, while creditors
may constitute a creditors committee and or opt to appoint a new
insolvency manager.

CONTACT:  WIB KUNSTSTOFFTECHNIK GmbH & Co. KG
          Contact:
          Ingo Wirth, Manager
          Greizer Strasse 62, 07907 Schleiz

          Dr. H. Hess, Administrator
          Barbarrossahof 4-5, 99092 Erfurt


===================
K A Z A K H S T A N
===================


TEMIRBANK: Fitch Lowers Rating to 'B-'; Outlook Stable
------------------------------------------------------
Fitch Ratings has downgraded Kazakhstan-based Temirbank's (Temir)
ratings to Long-term 'B-' from 'B' and Individual 'D/E' from 'D'.
At the same time, the agency has affirmed the bank's other
ratings at Short-term 'B' and Support '5'.  The Outlook on the
Long-term rating remains Stable.

The downgrade reflects recent and ongoing changes in the bank's
management and strategy, resulting in what Fitch views as
increased credit and operational risks, higher concentrations in
funding, a tightening of liquidity during H105 (although this
pressure has since reduced), and weakened performance.  In
addition, the Long-term, Short-term and Individual ratings factor
in Temir's small size and franchise and concentrated loan book,
as well as certain weaknesses in the operating environment.
However, they also consider Temir's adequate capitalization,
which has been supported by injections by the current controlling
shareholders, and asset quality.

Upside to the ratings could result from the successful
implementation by Temir of its new retail lending strategy, which
could improve performance and dilute concentrations, continued
support for the bank's capitalization, and improvements in the
currently undiversified funding base and hence potentially
vulnerable liquidity.  Downward pressure on the ratings could
result from a substantial impairment of asset quality, a
deterioration in liquidity or a marked increase in related party
business.

Temir is one of the 10 largest banks in Kazakhstan, but held a
small 1.4% of the system's assets at end-H105.  In H105, its
owners changed the bank's senior management and refocused its
strategy towards aggressive growth in retail lending, in
particular mortgages and car loans.  Experienced local managers
have been brought in to implement this strategy; however Temir's
origination, risk management and operational capacities in this
new area have yet to be tested.

CONTACT:  TEMIRBANK
          68/74 Abay Avenue, 480008 Almaty
          Kazakhstan
          Phone: +7 3272 578888
          Fax: +7 3272 506241

          FITCH RATINGS
          Alexei Kechko, Moscow
          Phone: +7 095 956 9901
          James Watson
          Phone: +7 095 956 9901

          Media Relations
          Jon Laycock, London
          Phone: +44 20 7417 4327
          Web site: http://www.fitchratings.com


=====================
N E T H E R L A N D S
=====================


ROYAL NUMICO: Completes Divestment of Brazilian Unit
----------------------------------------------------
Royal Numico N.V. sold its baby cereals business in Brazil to
Nutrimental S.A. Industria e Comercio de Alimentos, a privately
owned company, for an undisclosed amount.

The divestment, which includes a manufacturing plant, marks the
completion of Numico's portfolio rationalization.  Numico has now
divested all businesses that do not meet the criteria of Numico's
strategic mission to become a high-growth, high-margin
specialized nutrition company.  The transaction will not have a
material financial impact on Numico's results.

Royal Numico -- http://www.numico.com-- has leading positions in
Baby Food and Clinical Nutrition and brings products to the
market under the brand names Nutricia, Milupa and Cow & Gate,
among others.  The company serves customers in over 100 countries
and employs approximately 11,000 people.

CONTACT:  ROYAL NUMICO N.V.
          Corporate Communications
          Phone: +31 20 456 9077

          Investor Relations
          Phone: +31 20 456 9003


ROYAL SHELL: Settles Pension Row with Dutch Workers
---------------------------------------------------
Royal Dutch Shell plc has settled its dispute with Dutch workers
over planned changes to the company's pension schemes, Dow Jones
says.

Last week, some 1,500 workers at two of Royal Shell's sites in
Netherlands went on strike, paralyzing operations at the Pernis
refinery that produces 416,000 barrels a day; and at the Moerdijk
chemical facility whose yearly output totals 900,000 tonnes.

They oppose Shell's reforms that involve raising retirement age
and forcing employees to contribute to their pensions effective
January 1, 2006.  A spokesman for FNV Bondgenoten, one of the
labor unions representing the workers, said an agreement had been
reached following negotiations that started Wednesday.

Meanwhile, another organization, CNV Chemie, disclosed Shell had
agreed to keep the retirement age at 60, and workers had agreed
to a 2% annual pension contribution.  Market reaction to reports
of the agreement was minimal, while the partial shutdown had no
significant impact on the region's supply.

CONTACT:  ROYAL DUTCH/SHELL GROUP OF COMPANIES
          Carel van Bylandtlaan 30
          2596 HR The Hague
          The Netherlands
          Phone: +31 70 377 9111
          Fax: +31 70 377 3115
          Web site: http://www.shell.com


ROYAL SHELL: Has 3,989,040,000 Remaining 'A' Shares
---------------------------------------------------
On 3 November 2005, Royal Dutch Shell plc purchased for
cancellation 1,475,000 'A' Shares at a price of EUR25.78 per
share.  It further purchased for cancellation 525,000 'A' Shares
at a price of 1,747.57 pence per share.

Following the cancellation of these shares, the remaining number
of 'A' Shares of Royal Dutch Shell plc will be 3,989,040,000.

As of that date, 2,759,360,000 'B' Shares of Royal Dutch Shell
plc were in issue.

                            *   *   *

Shell's buyback scheme is understood to be aimed at reviving
shareholders' and investors' confidence.  The buyback program
follows a damaging reserves overestimation scandal last year.

                        About the Company

Royal Dutch Shell plc is incorporated in England and Wales, has
its headquarters in The Hague and is listed on the London,
Amsterdam, and New York stock exchanges.  Shell companies have
operations in more than 145 countries with businesses including
oil and gas exploration and production; production and marketing
of Liquefied Natural Gas and Gas to Liquids; manufacturing,
marketing and shipping of oil products and chemicals and
renewable energy projects including wind and solar power.

                           The Trouble

Shell admitted overstating its proved reserves by almost 6.0
billion barrels between January 2004 and February this year.
This led to the ouster of three top executives, including former
Chairman Philip Watts.  The company was fined EUR150 million in
total after investigations launched by U.S. and British
regulators.  Shell has since revised the method by which it
calculates reserves to comply with U.S. regulations.  Shell's
proved reserves stood at 10.2 billion barrels at the end of
2004.

CONTACT:  ROYAL DUTCH/SHELL GROUP OF COMPANIES
          Carel van Bylandtlaan 30
          2596 HR The Hague
          The Netherlands
          Phone: +31 70 377 9111
          Fax: +31 70 377 3115
          Web site: http://www.shell.com


===========
R U S S I A
===========


BELOKALITVINSKIY: Deadline for Proofs of Claim Tomorrow
-------------------------------------------------------
The Arbitration Court of Rostov region commenced bankruptcy
proceedings against Belokalitvinskiy (TIN 3142000737, KPP
614201001) after finding the dairy product insolvent.  The case
is docketed as A53-1886/2005-S2-7.  Mr. Y. Petrov has been
appointed insolvency manager.  Creditors have until November 8,
2005 to submit their proofs of claim to 344019, Russia,
Rostov-na-Donu, Sholokhova Pr. 8a, Room 7.

CONTACT:  BELOKALITVINSKIY
          347045, Russia, Rostov region, Belaya Kalitva,

          Mr. Y. Petrov
          Insolvency Manager
          344019, Russia, Rostov-na-Donu,
          Sholokhova Pr. 8a, Room 7


BELORECHENSK-AUTO-REM-SERVICE: Under Bankruptcy Supervision
-----------------------------------------------------------
The Arbitration Court of Krasnodar region has commenced
bankruptcy supervision procedure on limited liability company
Belorechensk-Auto-Rem-Service (TIN 2303021437, KPP 230301001).
The case is docketed as A32-27998/2005-44/411-B.  Mr. A.
Tereshkin has been appointed temporary insolvency manager.
Creditors may submit their proofs of claim to 352500, Russia,
Krasnodar region, Labinsk, Post User Box 29.  A hearing will take
place on December 20, 2005, 11:00 a.m.

CONTACT:  BELORECHENSK-AUTO-REM-SERVICE
          Russia, Krasnodar region,
          Belorechensk, Avtomobilistov Str. 3

          Mr. A. Tereshkin
          Temporary Insolvency Manager
          352500, Russia, Krasnodar region,
          Labinsk, Post User Box 29


EXPERIMENTAL: Insolvency Manager A. Kharitonov Enters Firm
----------------------------------------------------------
The Arbitration Court of Saratov region commenced bankruptcy
proceedings against Experimental after finding the shoemaker
insolvent.  The case is docketed as A-57-194B/04-31.  Mr. A.
Kharitonov has been appointed insolvency manager.  Creditors have
until December 8, 2005 to submit their proofs of claim to 410049,
Russia, Saratov region, Barnaulskaya Str. 34.

CONTACT:  EXPERIMENTAL
          410010, Russia, Saratov region,
          Tankistov Str. 84

          Mr. A. Kharitonov
          Insolvency Manager
          410049, Russia, Saratov region,
          Barnaulskaya Str. 34


KOMSOMOLSK-LES: Komi Court Opens Bankruptcy Proceedings
-------------------------------------------------------
The Arbitration Court of Komi republic commenced bankruptcy
proceedings against Komsomolsk-Les after finding the limited
liability company insolvent.  The case is docketed as
A29-7959/05-3B.  Mr. N. Tkachenko has been appointed insolvency
manager.  Creditors have until December 8, 2005 to submit their
proofs of claim to 129110, Russia, Moscow, M. Ekaterininskaya
Str. 17/21.

CONTACT:  KOMSOMOLSK-LES
          Russia, Komi republic,
          Troitsko-Pechorskiy region

          Mr. N. Tkachenko
          Insolvency Manager
          129110, Russia, Moscow region,
          M. Ekaterininskaya Str. 17/21


KUBANETS: Claims Filing Period Ends Next Month
----------------------------------------------
The Arbitration Court of Krasnodar region commenced bankruptcy
proceedings against Kubanets after finding the close joint stock
company insolvent.  The case is docketed as A-32-8921/2005-1/99
B.  Ms. E. Kuts has been appointed insolvency manager.

Creditors have until December 8, 2005 to submit their proofs of
claim to 353763, Russia, Krasnodar region, Timashevskiy region,
Bednyagina, Yubileynaya Str. 17.  A hearing will take place on
September 20, 2006.

CONTACT:  KUBANETS
          353763, Russia, Krasnodar region, Timashevskiy region,
          Bednyagina, Yubileynaya Str. 17

          Ms. E. Kuts
          Insolvency Manager
          353763, Russia, Krasnodar region, Timashevskiy region,
          Bednyagina, Yubileynaya Str. 17


MANTUROVSKOYE: Insolvency Manager Takes over Business
-----------------------------------------------------
The Arbitration Court of Kostroma region commenced bankruptcy
proceedings against Manturovskoye after finding the grain
receiving enterprise insolvent.  The case is docketed as
A313-4603/2005-18.  Mr. A. Kovalev has been appointed insolvency
manager.  Creditors have until December 8, 2005 to submit their
proofs of claim to 156025, Russia, Kostroma, Rabochiy Pr. 48,
Apartment 38.

CONTACT:  MANTUROVSKOYE
          Russia, Kostroma region,
          Manturovo, Vokzalnaya Str. 102

          Mr. A. Kovalev
          Insolvency Manager
          156025, Russia, Kostroma region,
          Rabochiy Pr. 48, Apartment 38


PALKINSKIY FLAX: Declared Insolvent
-----------------------------------
The Arbitration Court of Kostroma region commenced bankruptcy
proceedings against Palkinskiy Flax Factory after finding the
municipal enterprise insolvent.  The case is docketed as
A31-3454/2005-18.  Mr. S. Timoshkov has been appointed insolvency
manager.  Creditors have until December 8, 2005 to submit their
proofs of claim to Russia, Kostroma region, Antropovskiy region,
Palkino.

CONTACT:  PALKINSKIY FLAX FACTORY
          Russia, Kostroma region,
          Antropovskiy region, Palkino

          Mr. S. Timoshkov
          Insolvency Manager
          Russia, Kostroma region,
          Antropovskiy region, Palkino


SHELOKHOVSKOYE: Creditors Have Until Tomorrow to File Claims
------------------------------------------------------------
The Arbitration Court of Rostov region commenced bankruptcy
proceedings against Shelokhovskoye after finding the railway
transport corporation insolvent.  The case is docketed as
A53-17258/05-S2.  Mr. I. Shirshov has been appointed insolvency
manager.  Creditors have until November 8, 2005 to submit their
proofs of claim to 347042, Russia, Rostov region, Belaya Kalitva,
Entuziastov Str. 7, Apartment 103.

CONTACT:  Mr. I. Shirshov
          Insolvency Manager
          347042, Russia, Rostov region, Belaya Kalitva,
          Entuziastov Str. 7, Apartment 103
          Phone/Fax: (86313) 2-73-04


TRUST ENGELS-STROY: Sets Public Auction Next Week
-------------------------------------------------
The bidding organizer of close joint stock company Trust
Engels-Story will sell its 14 properties on November 11, 2005,
11:00 a.m.  The public auction will take place at 413111, Russia,
Saratov region, Engels, Stroiteley Pr. 7 "A", Room 302.

The case is docketed as A-57-178B/04-31.  Preliminary examination
and reception of bids are done from 10:00 a.m. to 5:00 p.m. until
November 9, 2005.  The list of documentary requirements is
available at 413111, Russia, Saratov region, Engels, Stroiteley
Pr., 7 "A", Room 302.

To participate, bidders must deposit an amount equivalent to 10%
of the starting price to the settlement account
40702810400000004552 in ACB Express-Volga, Saratov, BIC
046311808, TIN 6451124874/KPP 645101001, correspondent account
30101810600000000808.

CONTACT:  TECHNOLOGIES OF ANTI-CRISIS MANAGEMENT
          Bidding Organizer
          413111, Russia, Saratov region, Engels,
          Stroiteley Pr. 7 "A", Room 302
          Phone: (845-23) 72-87-01


VOLZHSKIYE ENGINES: Succumbs to Bankruptcy
------------------------------------------
The Arbitration Court of Ulyanovsk region commenced bankruptcy
proceedings against Volzhskiye Engines after finding the open
joint stock company insolvent.  The case is docketed as
A72-11433/04-21/47-B.  Mr. E. Tsutskikh has been appointed
insolvency manager.  Creditors may submit their proofs of claim
to 432006, Russia, Ulyanovsk region, Lokomotivnaya Str. 17.

CONTACT:  Mr. E. Tsutskikh
          Insolvency Manager
          432006, Russia, Ulyanovsk region,
          Lokomotivnaya Str. 17


YUKOS OIL: Sells Stake in Sakhaneftegaz
---------------------------------------
Russneft President Mikhail Gutseriev has bought a 13.22% stake in
Yukos Oil subsidiary, Sakhaneftegaz, for US$1 million, according
to Kommersant.

Mr. Gutseriev purchased the stake from another Yukos subsidiary,
Yukos-M, through a company affiliated with BIN Bank.

Sakhaneftegaz is 36.67% owned by the Yakutia administration, and
50.38% owned by Yukos through YUKOS-M and two Cypriot companies.
Mr. Gutseriev bought the shares of the Cypriote companies about
six months ago for about US$50 million.  The shares were
auctioned along with Yukos' 52% stake in ALNAS, a manufacturer of
pumps located in Almetyevsk, Tatarstan.

Yukos received US$6 million for the Sakhaneftegaz stock package
after payments for the latter's RUB3.2 billion debt to Yukos and
banks, including BIN Bank.  It purchased the shareholding at
between US$30 million and US$35 million, which means it made a
loss of at least US$140 million.  Yukos is now trying to sell
part of that debt to the new owners of Sakhaneftegaz, the report
said.

Sakhaneftegaz's largest assets are Lenaneftegaz, Yakutgazprom,
Lenagaz and Yakutskgeophizika.

Yukos is an oil-and-gas company headquartered in Moscow, Russia.
It filed for chapter 11 protection in December 2004 (Bankr. S.D.
Tex. Case No. 04-47742).  A few days after, its main production
unit Yugansk was sold by the government to a little-known firm
OOO Baikalfinansgroup for US$9.35 billion.  The sale was aimed at
paying for a US$27.5 billion tax bill for 2000-2003.  Its
bankruptcy case was dismissed in February.  Yukos has only paid
US$11 billion so far, according to tax authorities.

Zack A. Clement, Esq., C. Mark Baker, Esq., Evelyn H. Biery,
Esq., John A. Barrett, Esq., Johnathan C. Bolton, Esq., R.
Andrew Black, Esq., Fulbright & Jaworski, LLP, represent the
Debtor in its restructuring efforts.  When the Debtor filed for
protection from its creditors, it listed US$12,276,000,000 in
total assets and US$30,790,000,000 in total debt.

CONTACT:  YUKOS OIL
          Web site: http://www.yukos.com/
          International Information Department
          Hugo Erikssen
          Phone: +7 095 540 6313
          E-mail: inter@yukos.ru

          Investor Relations Contact
          Alexander Gladyshev
          Phone: +7095 788 00 33
          E-mail: investors@yukos.ru


YUKOS OIL: Third-quarter Net Income Nearly Doubles
--------------------------------------------------
Yukos Oil reported a 95.1% increase in net income to RUR1.28
billion (US$45 million) in the third quarter,
RosBusinessConsulting says.

For the first half of the year, the company had net loss of
RUR4.207 billion (US$147 million), a decrease of 18.4% for the
same period a year ago.  Revenues over the reporting period
declined by 2.6 times to RUB1.3 billion (about US$46 million),
sales profits by 5.4 times to RUB163 billion (about US$6
billion); pretax losses went up by 24% to RUB8.67 billion (US$306
million), while production costs decreased by 2.2% to RUB744
billion (more than US$26 billion).

Yukos is an oil-and-gas company headquartered in Moscow, Russia.
It filed for chapter 11 protection in December 2004 (Bankr. S.D.
Tex. Case No. 04-47742).  A few days after, its main production
unit Yugansk was sold by the government to a little-known firm
OOO Baikalfinansgroup for US$9.35 billion.  The sale was aimed at
paying for a US$27.5 billion tax bill for 2000-2003.  Its
bankruptcy case was dismissed in February.  Yukos has only paid
US$11 billion so far, according to tax authorities.

Zack A. Clement, Esq., C. Mark Baker, Esq., Evelyn H. Biery,
Esq., John A. Barrett, Esq., Johnathan C. Bolton, Esq., R.
Andrew Black, Esq., Fulbright & Jaworski, LLP, represent the
Debtor in its restructuring efforts.  When the Debtor filed for
protection from its creditors, it listed US$12,276,000,000 in
total assets and US$30,790,000,000 in total debt.

CONTACT:  YUKOS OIL
          Web site: http://www.yukos.com/
          International Information Department
          Hugo Erikssen
          Phone: +7 095 540 6313
          E-mail: inter@yukos.ru

          Investor Relations Contact
          Alexander Gladyshev
          Phone: +7095 788 00 33
          E-mail: investors@yukos.ru


=============
U K R A I N E
=============


ANTEKS: Appoints Insolvency Manager
-----------------------------------
The Economic Court of Dnipropetrovsk region commenced bankruptcy
proceedings against Anteks (code EDRPOU 19433233) after finding
the limited liability company insolvent.  The case is docketed as
B 26/75-00.  Mr. Volodimir Vernigora (License Number AA 779191)
has been appointed liquidator/insolvency manager.

CONTACT:  ANTEKS
          49070, Ukraine, Dnipropetrovsk region,
          Karl Marks Avenue 66

          VOLODIMIR VERNIGORA
          Liquidator/Insolvency Manager
          50000, Ukraine, Dnipropetrovsk region,
          Krivij Rig, Sivolapa Str. 44-72

          ECONOMIC COURT OF DNIPROPETROVSK REGION
          49600, Ukraine, Dnipropetrovsk region,
          Kujbishev Str. 1a


SUBPIDRYAD: Goes into Liquidation
---------------------------------
The Economic Court of Zhitomir region commenced bankruptcy
proceedings against Subpidryad (code EDRPOU 13564017) after
finding the limited liability company insolvent.  The case is
docketed as 1/12 B.  Mr. V. Melnik (License Number AB 176028) has
been appointed liquidator/insolvency manager.

CONTACT:  SUBPIDRYAD
          10001, Ukraine, Zhitomir region,
          Baranova Str. 83

          V. MELNIK
          Liquidator/Insolvency Manager
          Ukraine, Zhitomir region,
          Academic Tutkovskij Lane, 14/52-67


UKRSPECPROM: Declared Insolvent
-------------------------------
The Economic Court of Harkiv region commenced bankruptcy
proceedings against Ukrspecprom (code EDRPOU 31285292) on
September 20, 2005 after finding the limited liability company
insolvent.  The case is docketed as B-19/44-05.  Mr. O.
Baranovskij (License Number AB 216973) has been appointed
liquidator/insolvency manager.

CONTACT:  UKRSPECPROM
          Ukraine, Harkiv region,
          Peremogi Avenue 68-V/56

          O. BARANOVSKIJ
          Liquidator/Insolvency Manager
          61057, Ukraine, Harkiv region,
          Rimarska Str. 23/9

          ECONOMIC COURT OF HARKIV REGION
          61022, Ukraine, Harkiv region,
          Svobodi Square 5, Derzhprom 8th Entrance


UKRTELECOM: Managers Accused of Fraudulently Bankrupting Firm
-------------------------------------------------------------
The Parliamentary Committee on Construction, Transport, Housing
and Communications is investigating allegations that management
is artificially driving Ukrtelecom into bankruptcy.

Valentina Semenyuk, chairperson of the Federal Property Fund, has
accused top managers of deliberately bankrupting the firm to
compel its privatization.  Last week, Director Heorhiy Dzekon
told the committee the company is facing an UAH800 million
back-tax bill.

In October, Ukrainian President Viktor Yushchenko called for its
urgent privatization, which has been delayed since first proposed
in 1997.

"Modernization in the competing structures is narrowing
Ukrtelekom's market everyday and every month," TeleGeography
quoted Mr. Yushchenko as saying.  "We have to admit today that if
we do not proceed with privatization quickly and effectively, we
will start losing the potential that could yield a significant
financial profit for Ukraine."

The government owns 92.86% of Ukrtelecom, one the companies
identified for privatization in July.  The company is the
country's largest telecom operator with 9.8 million customers and
27 regional divisions.  It owns Utel, the leading LD operator
with 2004 sales of US$366 million.

In 2002, it sold its 51% stake in mobile operator, UMC, to
Russia's MTS for US$172 million.  Jointly with Utel, Ukrtelecom
controls 83% of the local calls market and 95% of the DLD and ILD
segments.  Ukrtelecom also offers TV and radio broadcasting
services, Internet access and ISDN.  DLD and ILD services
generate about 67% of Ukrtelecom's consolidated revenues; local
calls account for 28%.  The company has a GDR program.

CONTACT:  JSC UKRTELECOM
          18, Shevchenko Blvd
          01030 Kyiv
          Ukraine
          Phone: +380 44 246 4416
          Fax: +380 44 226 2586/ +380 44 229 8593
          E-mail: aremiga@ukrtel.net


===========================
U N I T E D   K I N G D O M
===========================


ANGEL REALISATIONS: Falls into Administration
---------------------------------------------
Angel Realisations 6 Limited has fallen into administration,
according to ICC Credit.  The company has received 19 county
court charges in the last three years.

Established in 1985, the London-based group operates high street
bars, public houses and restaurants.  While sales grew from
GBP12.5 million in 1995 to GBP153 million in 2003, its
profitability suffered when it incurred GBP100 million losses in
2003.

With 8.4% of companies in the public houses and bars industry
under liquidation, Matthew Debbage, Head of Product and Marketing
at ICC Credit, advised lenders to be cautious in extending credit
to this sector.  This figure is higher than the 4% average in
other industries.  ICC Credit also said 24% of the bar sector
have a County Court Judgment against them.

CONTACT:  ANGEL REALISATIONS 6 LIMITED
          165 Church Street East
          Woking, Surrey, GU21 6HJ


ARCHITECTURAL BRONZE: Appoints Liquidator from Begbies
------------------------------------------------------
J. Ireland, chairman of Architectural Bronze & Stainless Ltd.,
informs that a resolution to wind up the company was passed at an
EGM held on Oct. 18 at Begbies Traynor, 2-3 Pavilion Buildings,
Brighton, East Sussex BN1 1EE.  G. W. Rhodes of Begbies Traynor
2-3 Pavilion Buildings, Brighton, East Sussex BN1 1EE was
appointed liquidator.

CONTACT:  ARCHITECTURAL BRONZE & STAINLESS LTD.
          Hailsham Industrial Park
          Diplocks Way
          Hailsham
          East Sussex
          BN27 3JF
          Phone: 01323 841503
          Fax: 01323 440012
          Web site: http://www.architectural-bronze.com

          BEGBIES TRAYNOR
          2-3 Pavilion Buildings
          Brighton
          Sussex BN1 1EE
          Phone: 01273 747847
          Fax: 01273 747743
          E-mail: geoff.rhodes@begbies-traynor.com


ARLA FOODS: KPMG to Liquidate Business
--------------------------------------
At the general meeting of Arla Foods Ingredients (UK) Limited,
the special, ordinary and extraordinary resolutions to wind up
the company were passed.  John Paul Bateman and Mark Jeremy Orton
of KPMG LLP, 2 Cornwall Street, Birmingham B3 2DL were appointed
liquidators.

                            *   *   *

Arla Foods Ingredients -- http://www.arlafoodsingredients.com/
-- is a major supplier of milk-based ingredients to global food
and beverage manufacturers.  It also specializes in
ready-for-sale milk powder products and contract manufactured
products for the dairy-based food industry.

CONTACT:  ARLA FOODS INGREDIENTS (UK) LTD.
          Bushacre Ct/Garrard Way
          Telford Way Industrial Estate
          Kettering NN16 8TD
          Phone: 01536 411877

          KPMG LLP
          2 Cornwall Street
          Birmingham B3 2RT
          Phone: (0121) 232 3000
          Fax:   (0121) 232 3500
          Web site: http://www.kpmg.co.uk


ASPECT DISTRIBUTION: Files for Liquidation
------------------------------------------
M. Titterton, chairman of Aspect Distribution Limited, informs
that a resolution to wind up the company was passed at an EGM
held on Oct. 13 at 100-102 St James Road, Northampton NN5 5LF.

Gary Steven Pettit and Peter John Windatt of BRI Business
Recovery and Insolvency, 101-102 St James Road, Northampton NN5
5LF were appointed Joint Liquidators.

Aspect -- http://www.aspect-distribution.co.uk/-- is a
distribution company supplying CCTV, Intruder Alarms and Access
Control products to installation companies throughout the U.K.
It has branches in Kettering, Sheffield, Rochdale, and Bedale.

CONTACT:  ASPECT DISTRIBUTION LTD.
          1 Station Road
          Kettering
          Northants
          NN15 7HH
          Phone: 01536 415000
          Fax: 01536 414999

          BRI BUSINESS RECOVERY AND INSOLVENCY
          100-102 St James Road,
          Northampton NN5 5LF
          Phone: 01604 754352
          Fax: 01604 751660
          E-mail: pwindatt@briuk.co.uk


B-CONSULTANTS LIMITED: Liquidator Enters Firm
---------------------------------------------
T. Barker, chairman of B-Consultants Limited, informs that a
resolution to wind up the company was passed at an EGM held on
Oct. 12 at Brentmead House, Britannia Road, London N12 9RU.
Martin Henry Linton of Brentmead House, Britannia Road, London
N12 9RU was appointed liquidator.

Previously named DCA-b, B consultants Ltd. was set up as a
multidisciplinary building design practice in 1997.  Its recent
projects include the Greenwich Millennium village with Ralph
Erskine, the RENUE low energy center in Wandsworth, and the
Wellcome Wing content of the Science Museum with Wilkinson Eyre
Architects.

CONTACT:  B CONSULTANTS LTD.
          1-3-Leonard Street, London
          EC2A 4AQ
          Phone: 020-7689-5656


BRENLYN LIMITED: Members Pass Winding-up Resolutions
----------------------------------------------------
P. A. Lawson, chairman of Brenlyn Limited (formerly Gregson
Enterprise Limited), informs that the special and ordinary
resolutions to wind up the company were passed at an EGM held on
Oct. 21 at Fernwood House, Fernwood Road, Jesmond, Newcastle upon
Tyne NE2 1TJ.  William Paxton of Robson Laidler, Fernwood House,
Fernwood Road, Jesmond, Newcastle upon Tyne NE2 1TJ was appointed
liquidator.

CONTACT:  BRENLYN LIMITED
          Kirkley Lodge, Park Avenue,
          Newcastle Upon Tyne,
          Tyne & Wear NE3 2NS
          Phone: 01912132113

          ROBSON LAIDLER LLP
          Fernwood House,
          Fernwood Road, Jesmond,
          Newscastle upon Tyne
          Liquidator:
          W Paxton
          Phone: 0191 281 8191
          Fax:   0191 281 6279
          Web site: http://www.robson-laidler.co.uk


BTJL (HOLDINGS): Names Liquidator from Leonard Curtis
-----------------------------------------------------
At the extraordinary general meeting of BTJL (Holdings) Limited,
the special resolution to wind up the company was passed on Oct.
19 at 6 Hungershall Park, Tunbridge Wells, Kent.  N. A. Bennett
of Leonard Curtis & Co, One Great Cumberland Place, Marble Arch,
London W1H 7LW was appointed liquidator.

CONTACT:  LEONARD CURTIS & CO
          One Great Cumberland Place,
          Marble Arch, London W1H 7LW
          Phone: 020 7535 7000
          Fax:   020 7723 6059
          E-mail: solutions@leonardcurtis.co.uk
          Web site: http://www.leonardcurtis.co.uk


CATER-RING LIMITED: In Liquidation
----------------------------------
I. Stark, director of Cater-Ring Limited, informs that
resolutions to wind up the company were passed at an EGM held on
Oct. 14 at Moat House Hotel, Silver Street, Northampton NN1 2TA.
William John Turner and Kevin Anthony Murphy both of Chantrey
Vellacott DFK LLP, Russell Square House, 10-12 Russell Square,
London WC1B 5LF were appointed Joint Liquidators.

Cater-Ring Ltd. is a catering recruitment agency with a
nationwide network.

CONTACT:  CATER-RING LIMITED
          Unit E5, KG House
          Kingsfield Close
          Northampton
          NN5 7QN
          Phone: 01604 755503
          Fax: 01604 757393
          Web site: http://www.catering-agency.co.uk

          CHANTREY VELLACOTT DFK
          Russell Square House,
          10-12 Russell Square,
          London WC1B 5LF
          Phone: 020 7509 9000
          Fax: 020 7436 8884
          Web site: http://www.cvdfk.com


CHARACTER GROUP: Second-half Sales Buoy Full-year Results
---------------------------------------------------------
Character Group plc bared recently its preliminary results for
the year ended 31 August 2005.

Highlights

(a) Solid improvement in H2 performance:

    (i) H2 sales + 57% to GBP55.4 million;

   (ii) full-year + 30% to GBP98.8 million;

  (iii) H1 operating loss reversed producing operating profit
        for year of GBP864,000; and

   (iv) dividend for the year + 11%;

(b) 50% of Toys, Gifts and Games together with 90% of digital
    products designed and developed in-house;

(c) Strong lineup of products including Robosapien; Roboraptor,
    Robopet, Dr Who, Little Britain and Electronic Sudoku; and

(d) Strategic review of business to include Transfer to AIM and
    possible demerger of Digital Division.

               Statement of Chairman Richard King

Within our Toys, Games and Gifts Division, we have achieved a
very strong improvement in our ability to develop our own good
quality and saleable product lines, both under our own brands as
well as under licenses.

Our enhanced ability to design and develop a more advanced
product base within our Digital Division should present
opportunities for further expansion in both product and customer
base.

I am pleased to report that the new financial year has started
with both our Divisions trading above our internal forecasts and
with a higher level of sales and orders than at the corresponding
point last year.

It comes as no surprise to any of us that the markets within
which the Group is operating have been, and continue to be, very
competitive, with retailing in the U.K., the main market for our
Toys, Games and Gifts products, being hit especially hard.

We started the 2005 financial year faced with this poor trading
environment, certain operating problems to be overcome and, with
a few exceptions, a lackluster product range.

I reported in my interim statement a disappointing loss of GBP1.9
million for the first half but stated that we expected the second
half would witness an improvement and that this trend would
continue into the new financial year ending 31 August 2006.

I am therefore pleased to report that the second half did indeed
show a solid improvement.  We managed to more than reverse the
first half loss and remain on stream for the trading performance
to continue along this trend.  Not only did trading significantly
improve over the first half but, even more significantly, our
second-half performance improved substantially against the 2004
comparable period, with pre-exceptional profit in 2005 of GBP2.7
million and GBP2.1 million post-exceptional (2004 pre-exceptional
profit of GBP717,000, and GBP1.2 million post-exceptional).

These financial results clearly demonstrate that, despite
difficult market conditions, the Group has produced a positive
turnaround.

A copy of the financial results is available free of charge at
http://bankrupt.com/misc/CharacterGroup(2005).pdf

CONTACT:  CHARACTER GROUP PLC
          2nd Floor
          86-88 Coombe Road
          New Malden
          Surrey, KT3 4QS
          Registered No: 3033333
          Phone: 44 (0) 20 8949 5898
          Fax: 44 (0) 20 8336 2585
          Web site: http://www.charactergroup.plc.uk


CLYDESDALE BANK: Continues Bank Closures
----------------------------------------
Clydesdale Bank is closing an additional 47 branches in Scotland
and England, reports say.

The 30 branches to close in Scotland are:

           -- Annan                       -- Auchinleck
           -- Clarkston                   -- Cullen
           -- Dalbeattie                  -- Dornoch
           -- Dufftown                    -- Eaglesham
           -- Edinburgh -Morningside Road
              and Corstorphine
           -- Findochty                   -- Fochabers
           -- Girvan
           -- Glasgow Anniesland
              and Partick                 -- Invergordon
           -- Kelso                       -- Kilbirnie
           -- Lockerbie                   -- Muirkirk
           -- Nairn                       -- Neilston
           -- New Galloway                -- North Berwick
           -- Penicuik                    -- Port Glasgow
           -- Rothes                      -- Tarbert, Argyll
           -- Tomintoul                   -- Whithorn

The 17 branches to close in England are:

          -- Bedford                   -- Bradford, Great Horton
          -- Bromsgrove                -- Carlisle, Kingstown
          -- Enfield                   -- Hanley
          -- Holmfirth                 -- Kidderminster
          -- Leeds, Guiseley           -- Lichfield
          -- Northwich                 -- Rugby
          -- Stourbridge               -- Sutton Coldfield
          -- Wakefield, Westgate       -- West Bromwich
          -- Whitehaven

According to Viploan.co.uk, 11 full-time branches and 21
part-time branches will close shop between 10 January and 30
March 2006.  The closure is part of the bank's commitment to
decrease its High Street presence from 217 to 153 branches.

The banks to be closed have a customer base of only around 1,700
as compared to the national average of 9,800 and the Clydesdale
Bank average of 4,000.  According to David Thorburn, Clydesdale's
chief operating officer, the bank would continue to offer
customers facilities like ATMs, Internet banking, telephone
banking and financial solutions from its main branches.

Amicus, in a statement, said it is extremely disappointed the
bank has decided to withdraw banking facilities from some of the
most vulnerable communities, particularly where they are the
"last bank in town."  Eaglesham, Findochty, Neilston, Muirkirk,
New Galloway, Rothes, Auchinleck and Tomintoul will all be left
high and dry without access to any bank.

"This is a serious blow to NAG (National Australia Group)
customers particularly in some remote areas.  The bank has
reneged on their promise not to close 'the last branch in town'
in eight communities.  These customers will have to travel some
distances to get to a branch and for those without a car, this
could prove very difficult indeed," Amicus official Mary
Alexander said.

"Unfortunately, NAG have decided to go ahead with this drastic
programme of closures regardless of our arguments and the
pressure from MSPs and MPs to keep these branches open and we
believe this cost cutting exercise will damage the future of NAG
in the U.K."

Amicus will fight any attempt to use compulsory redundancies and
will ensure that any displaced staff, who wish to remain with
NAG, are offered suitable alternative employment.

                            *   *   *

In December, the bank announced a 44% drop in profits to GBP90
million.  It slashed interim dividend to parent National
Australia Bank and scrapped final dividend.  Clydesdale's profit
has been in decline for the past three years.  It is performing
poorly at a time rival HBOS and Royal Bank of Scotland are
flourishing.

CONTACT:  CLYDESDALE BANK
          Banking Hall
          30 St. Vincent Place
          Glasgow G1 2HL
          Phone: 0141 951 7000
          Web site: http://www.cbonline.co.uk


COLLINS & AIKMAN: Ross Bares Grand Plan for Parts Industry
----------------------------------------------------------
New York financier Wilbur Ross plans to turn troubled auto-parts
suppliers into multi-billion-dollar companies.

The chairman of investment fund WL Ross & Co. plans to build an
auto plastics company, a metal parts company in three years; and
a minor auto-safety products company, according to Wall Street
Journal.  He expects the first two to each generate sales of
US$15 billion.

About 30 suppliers have fallen in the past two years, including
Delphi Corporation and Collins & Aikman Corporation.  Visteon
Corporation is also in deep trouble.  Mr. Ross' priority is
Collins & Aikman.  A joint venture he recently formed with Lear
Corporation has already bought half of Collins & Aikman's bank
debt as well as stakes in smaller suppliers in Europe and Asia.

Collins & Aikman filed for bankruptcy in the U.S. in May.  The
U.K. operation, which accounts for 25% of total global business,
obtained a group-wide Administration order pursuant to the
jurisdiction of the English High Court in London in July 2005.
Kroll U.K.'s Simon Appell and Alastair Beveridge, among others,
have been appointed joint administrators of each of the
companies.

The companies included in the filing are located in the U.K.,
Austria, Belgium, Czech Republic, Italy, Germany, Luxembourg,
Netherlands, Spain and Sweden and have approximately 4,000
employees in 24 facilities.  Collins & Aikman has 4,000 employees
in 26 plants in nine countries in Europe.  Collins & Aikman's
European operations are expected to continue in the normal course
of business without interruption while the
Administrators assess appropriate options.

Additional information regarding the European group-wide
Administration is available at
http://www.collinsaikmaneurope.com/and information regarding the
Chapter 11 reorganization at http://www.collinsaikman.com
For more information, call the Company's toll-free Reorganization
Information Line at 1-866-795-7641; for international callers +1
310-432-4170.

CONTACT:  FINANCIAL DYNAMICS
          Phone: +44 (0) 20 7269 7167
          Lucy Thom
          Phone: +44 (0) 7712 174690
          Nigel O'Connor
          Phone: +44 (0) 7968 095770
          E-mail: collinsandaikman@fd.com

          KROLL EUROPE, MIDDLE EAST & AFRICA
          10 Fleet Place
          London EC4M 7RB
          United Kingdom
          Phone: 44 (0) 207 029 5000
          Fax: 44 (0) 207 029 5001
          Web site: http://www.krollworldwide.com


COM-LOGIC SOLUTIONS: Calls in Liquidator
----------------------------------------
Z. R. Ali, director of Com-Logic Solutions Limited, informs that
resolutions to wind up the company were passed at an EGM held on
Oct. 12 at Suite 508, Daisyfield Business Centre, Appleby Street,
Blackburn BB1 3BL.  Stephen P. J. White was appointed liquidator.

CONTACT:  COM-LOGIC SOLUTIONS LIMITED
          58 Logwood Street, Blackburn, Lancashire BB1 9TX
          Web site: http://www.com-logic.co.uk/


COMPASS GROUP: Fires Three Executives over U.N. Scam
----------------------------------------------------
On 21 October, Compass Group plc said it had instructed
Freshfields to conduct an investigation into the relationships
between Eurest Support Services, IHC Services, Inc. and the
United Nations.   Ernst & Young are assisting Freshfields in this
investigation.  The investigation is being overseen by Steve
Lucas, chairman of Compass' Audit Committee.

The investigation has raised serious concerns as to whether,
within ESS, there has been, in connection with IHC and the U.N.,
improper conduct and a failure to comply with the Company's
statement of business principles (which apply to all staff,
whatever their seniority).  As a result, Peter Harris, whose
suspension was announced on 21 October, is being dismissed,
together with Andrew Seiwert, Eurest chief executive, and a
further mid-ranking executive who was associated with U.N.
contracting.  The management of ESS is being restructured.

Compass will be continuing to cooperate voluntarily and fully as
appropriate with the U.N. and U.S. authorities, including the
Office of the United States Attorney for the Southern District of
New York.

                            *   *   *

ESS has been suspended as contractor to the U.N. after
allegations emerged it obtained confidential information before
winning a GBP35.3 million food and water deal in Liberia.  ESS
provides food and water rations to about 30,000 U.N. troops in
peacekeeping missions.

The inquiry into alleged corrupt buying practices is another blow
to Compass, which has issued three profits warning in 12 months.
The latest, on September 28, warned shareholders that full-year
profit before tax, goodwill amortization and exceptional items
could fall 10% to GBP580 million.

The group also revealed that Chief Executive Mike Bailey will
step down next year.  It also intends to dispose of its Select
Service Partner travel-concessions business to focus on support
services and contract catering operations.

In April, shareholders pressured Mr. Bailey to justify the second
profit warning in just seven months.  This came as British
schools reconsidered their contracts with Scolarest, a subsidiary
of the company that supplies meals to one in 10 U.K. schools.

CONTACT:  COMPASS GROUP PLC
          Compass House
          Guildford Street
          Chertsey
          Surrey
          United Kingdom
          KT16 9BQ
          Phone: +44 1932 573 000
          Fax: +44 1932 569 956
          Web site: http://www.compass-group.com

          FRESHFIELDS BRUCKHAUS DERINGER
          65 Fleet St.
          London EC4Y 1HS
          United Kingdom
          Phone: +44-20-7936-4000
          Fax: +44-20-7832-7001
          Web site: http://www.freshfields.com/en.asp

          ERNST & YOUNG LLP
          100 Barbirolli Square,
          Manchester M2 3EY
          Phone: +44 [0] 161 333 3000
          Fax:   +44 [0] 161 333 3001
          Web site: http://www.ey.com

          IHC SERVICES, INC.
          Via Dei Piatti 9
          20123 Milano
          Italy
          Phone: +39 02 8901 5456/68
          Fax: +39 02 7200 6581
          E-mail: milihc@tiscalinet.it


CONSTELLATION EXPRESS: Goes into Liquidation
--------------------------------------------
A. J. MacGregor, director of Constellation Express Limited,
informs that a resolution to wind up the company was passed at an
EGM held on Oct. 18 at 1 Wesley Gate, 70 Queens Road, Reading RG1
4AP.

David William Tann of The Norton Practice (Insolvency Services)
Limited, Wesley Gate, 70 Queens Road, Reading RG1 4AP was
appointed liquidator.

CONTACT:  CONSTELLATION EXPRESS LIMITED
          4 Marlborough Parade, Uxbridge Road
          Uxbridge, Middlesex UB10 0LR
          Phone: 020-8573-7788

          THE NORTON PRACTICE (INSOLVENCY SERVICES) LTD.
          Mr. David William Tann
          1 Wesley Gate
          70 Queens Road
          Reading
          Berkshire
          E-mail d.tann@nortonp.co.uk
          Phone: 0118 957 6464


CPL CONTRACTING: Hires Leonard Curtis to Liquidate Business
-----------------------------------------------------------
P. R. Collins, director of CPL Contracting Ltd., informs that a
resolution to wind up the company was passed at an EGM held on
Oct. 17 at Leonard Curtis & Co, One Great Cumberland Place,
Marble Arch, London W1H 7LW.  N. A. Bennett of Leonard Curtis &
Co, One Great Cumberland Place, Marble Arch, London W1H 7LW was
appointed liquidator.

CONTACT:  CPL CONTRACTING LTD.
          The Potato Store,
          Osborns Court
          Olney
          Buckinghamshire
          MK46 4LA
          Phone: 01234 712818

          LEONARD CURTIS & CO
          One Great Cumberland Place,
          Marble Arch, London W1H 7LW
          Phone: 020 7535 7000
          Fax:   020 7723 6059
          E-mail: solutions@leonardcurtis.co.uk
          Web site: http://www.leonardcurtis.co.uk


CROSS CATERING: Calls in Liquidator
-----------------------------------
C. Hyde, director of Cross Catering Limited (t/a Snockers),
informs that resolutions to wind up the company were passed at an
EGM held on Oct. 18 at Jones Lowndes Dwyer LLP, John Swift
Building, 19 Mason Street, Manchester M4 5FT.  Claire L. Dwyer
was appointed liquidator.

Cross Catering Limited -- http://www.crosscatering.co.uk/-- is
composed of Snockers, a restaurant based in the Heart of
Altrincham; Le Petit Repas, a catering unit for business and
privates functions; The Corporate Sandwich Company, which serves
cold lunches and sandwiches; and Cross Catering, an onsite
catering company.

CONTACT:  CROSS CATERING LIMITED
          9 Goose Green
          Altrincham, Cheshire
          WA14 1DW
          Phone: 07850 467565
          Fax: 01606 77406


DADA CLOTHING: Files for Liquidation
------------------------------------
J. S. Basi, director of Dada Clothing Limited, informs that
resolutions to wind up the company were passed at an EGM held on
Oct. 14 at 50 Newhall Street, Birmingham B3 3QE.  Gagen Dulari
Sharma was appointed liquidator.

CONTACT:  DADA CLOTHING LIMITED
          210-214 Soho Road, Birmingham
          West Midlands B21 9LR
          Phone: 01215512000


DANKA BUSINESS: Reveals GBP11.5 Million Half-year Loss
------------------------------------------------------
Danka Business Systems plc has unveiled results for the first
half and quarter ended 30 September 2005.

Danka reported first-half revenue of GBP319.4 million, gross
margins of 33.3% and a loss from continuing operations before tax
and finance costs of GBP11.5 million, including a restructuring
charge of GBP4.2 million.  This charge relates to the Company's
ongoing Vision 21 reengineering program, which has contributed to
a decline in operating costs (distribution costs and
administrative expenses) as a percentage of revenue to 34.8% from
35.5% a year ago.

The half-year results as well as results for prior reporting
periods include Danka's former Central and South American
subsidiaries, sold to Toshiba America Business Solutions, Inc.
near the end of the second quarter; and a Canadian subsidiary
sold to Pitney Bowes with effect from the end of the first
quarter.

              Report of Chief Executive Todd Mavis

Our second-quarter results reflect continued pressure on our
revenue and margins across the business, in part due to the
normal seasonality we see during this period and the effects of a
highly competitive market environment.

To meet these challenges, we have continued to take costs out of
the business, and we expect recent organizational streamlining
and outsourcing actions to yield further savings.  In addition,
we have significantly narrowed our geographical focus with recent
sales of operations in Canada and Central and South America.

We were encouraged by the continued performance in our general
line field sales groups, but were disappointed in our U.S.
national accounts, where a few larger transactions were delayed.
Market pricing pressures, equipment mix, and other factors
impacted our gross margins and we are taking steps to address
this.  And while volume from newer service contracts with printer
manufacturers ramped up more slowly than anticipated in the
second quarter, our core annuity services metrics continued to
improve with the digital portion of our installed base increasing
to 72%, digital volume increasing to 85% of total volume, and
sales of digital color systems growing by 16% over the year-ago
quarter.

Half-year Highlights

(a) total revenue was GBP319.4 million, which was 6.5% lower
    than the year-ago period.  Retail equipment and related
    sales improved by GBP5.3 million from the comparative prior
    year period, while retail maintenance revenue decreased by
    GBP21.8 million from the comparative prior year period.  The
    decline in retail maintenance revenue was due in large part
    to a continuing decline and shift in our machines in field,
    the decline in our analogue business and lower service
    pricing;

(b) consolidated gross margins were 33.3% of revenue, lower than
    the 37.4% reported in the comparative prior year period.
    Retail equipment and related margins decline as a result of
    market pressures on pricing, a shift in product mix and
    product portfolio gaps.  The decline in retail maintenance
    margins was due in large part to the effect of lower revenue
    on fixed service costs and continued investments to meet our
    obligations to printer manufacturer partners;

(c) operating costs were GBP111.0 million, an 8.4% decline from
    the year-ago period.  Contributing to the decrease were
    lower corporate and overhead costs as a result of the
    Company's continued streamlining of operations and
    efficiencies from its Vision 21 initiative.  Improved
    internal systems also enabled the Company to identify a
    GBP2.1 million sales tax credit in the U.S.;

(d) the loss from continuing operations before tax and finance
    costs was GBP11.5 million, including GBP4.2 million in
    restructuring costs and the GBP2.4 million net loss on the
    disposal of the Canadian, and Central and South American
    operations.  That compares to a profit from continuing
    operations before tax and finance costs of GBP5.4 million
    for the comparative prior year period; and

(e) free cash flow (net cash provided by operating and investing
    activities excluding cash flows from acquisitions and
    disposals) was -GBP6.1 million, compared to GBP4.3 million
    from the comparative prior year period.

Second Quarter Highlights

(a) total revenue was GBP152.6 million, which was 10.1% less
    than the year-ago period, with retail equipment and related
    sales declining by 6.4% and retail maintenance revenue
    declining by 12.7%.  Primary reasons for the decline in
    retail equipment and related revenue are the delay of
    certain transactions in the Company's U.S. national accounts
    business, softness in certain European geographies and gaps
    in our U.S. product portfolio.  The decline in retail
    maintenance revenue was due in large part to a continuing
    decline and shift in our machines in field, and the decline
    in our analogue business and lower service pricing.  We
    further experienced a slower than anticipated ramp-up in
    volume from newer printer manufacturer contracts;

(b) consolidated gross margins were 32.7% of revenue, lower than
    the 36.3% in the year-ago quarter.  In the retail equipment
    segment, the factors in the margin decline included
    worldwide market pressures on pricing, an unfavorable
    product mix, primarily in Europe, certain product gaps and
    lower manufacturer incentives due to lower sales.  The
    decline in retail maintenance margins was due in large part
    to the effect of lower revenue on fixed service costs and
    continuing investments to meet our obligations to printer
    manufacturer partners;

(c) operating costs were GBP52.0 million, or 34.1% of sales, and
    were 12.4% lower than the year-ago period.  Contributing to
    the decrease were lower overhead and corporate costs as a
    result of the Company's continued streamlining of operations
    and efficiencies from its Vision 21 initiative.  Operating
    costs were favorably impacted by a GBP2.1 million sales tax
    recovery in the U.S.;

(d) the losses from continuing operations before tax and finance
    costs was GBP9.2 million for the current year period,
    compared to a profit of GBP1.9 million for the prior year
    comparable period.  The current year period results include
    a GBP1.2 million restructuring charge and a loss on sale of
    operations of GBP5.5 million, while the comparative prior
    year period included a GBP0.1 million restructuring charge.

          Report of Chief Financial Officer Ed Quibell

In addition to our continuing priority to streamline the business
and reduce costs, we're also focused on the effective management
of working capital.

In the second quarter we saw sequential improvements in key
working capital areas, including a GBP7.4 million reduction in
net accounts receivable and a GBP4.9 million decrease in
inventories, offset by a GBP14.3 million reduction in accounts
payable.  Further evidence of improvement is U.S. days sales
outstanding, a major area of focus for us, which were just over
46 days compared to almost 60 days just a couple of quarters ago.
On the expense side, we have cut our administrative expenses by
19% over the past year as we become more efficient and increase
employee productivity.

A copy of the financial results is available free of charge at
http://bankrupt.com/misc/DankaBusiness(H12005).pdf

CONTACT:  DANKA BUSINESS SYSTEMS PLC
          1230 Arlington Business Park
          Theale
          West Berkshire RG7 4TX, United Kingdom
          Phone: +44-118-903-2163
          Web site: http://www.danka.com


DIGITAL JESTERS: Resolves Winding-up Order
------------------------------------------
Digital Jesters Limited denies it is facing another cash crunch,
says GamesIndustry.biz.

The British publisher confirmed it had cash-flow problems that
prompted a creditor to file a winding-up petition, but the issue
has been resolved.

"We have experienced some cash-flow problems of late, as every
company does.  But we received a substantial investment a few
months ago and since then we have overcome our difficulties and
have been restructuring," Marketing Director Leo Zullo said.

The company, he said, is now financially stable after a cash
injection from private equity group i-Tag.  He brushed aside
rumors that workers' pay had been delayed in the past few months.
He admitted "there was one payroll issue where staff were paid
three weeks late. [But] since then, everyone has been paid
regularly and that will continue going forward."

Mr. Zullo noted the company is now operating under the name DJ
Incorporated.  Records from the Companies House show Digital
Jesters has changed its company name several times in the last
four months.  He also unveiled a distribution deal with Ubisoft
for the Crazy Frog game, which will be published by Digital
Jesters on PC, PlayStation2 and GBA by December.  This is just
one of a number of other deals in place, including that with
Atari, he said.

On October 4, Independent Magazines (U.K.) Limited, whose
registered office is at Independent House, 191 Marsh Wall, London
E14 9RS, filed a petition to wind up Digital Jesters Limited.
The hearing of the case was scheduled for November 2, 2005.

CONTACT:  DIGITAL JESTERS LIMITED
          Unit 4, The Weltech Centre
          Ridgeway, Welwyn Garden City
          Hertfordshire AL7 2AA
          Phone: +44-1707-871-516
          Fax: +44-1707-299-446
          Web site: http://www.digitaljesters.co.uk


GEOFF BUTLER: Liquidator from Mabe Allen Enters Firm
----------------------------------------------------
B. G. Butler, chairman of Geoff Butler (Electrical Services)
Limited, informs that the special resolution to wind up the
company was passed at an EGM held on Oct. 29 at 29 St Mary
Street, Ilkeston, Derby.  John Philip Allen of Mabe Allen LLP, 50
Osmaston Road, Derby DE1 2HU was appointed liquidator.

CONTACT:  GEOFF BUTLER (ELECTRICAL SERVICES) LTD
          263 Heage Road, Ripley, DE5 3GH
          Phone: 01773746131

          MABE ALLEN
          50 Osmaston Road
          Derby
          Derbyshire DE1 2HU
          Phone: 01332 345265
          Fax: 01332 331369
          E-mail: mabeallen@btinternet.com


GOSHAWK INSURANCE: In Breach of Banking Covenants
-------------------------------------------------
The Board of GoshawK Insurance Holdings plc has reviewed
GoshawK's exposure to Hurricane Wilma and estimates that the
range of possible net loss outcome could be between US$8 million
to US$15 million.  The range of outcome is based on output from
the Company's event-based models and portfolio exposures in the
affected regions.  No loss advices have yet been received.  Any
possible loss development above US$15 million is covered by the
Company's retrocession program.

Bermuda Monetary Authority

The BMA has notified the Company that it intends to restrict the
Class 4 insurance license held by Rosemont Re, GoshawK's Bermudan
operation, which is now in run-off.  The impact of this
restriction will be that any future distributions by Rosemont Re
to its parent company will require the BMA's approval before such
distributions could be made.  This may delay the timing of any
return to the Company's shareholders.   As stated previously,
there can be no certainty as to either the value or timing of
payments to the Company's shareholders in run-off.

Banks

The Group has now breached certain of its banking covenants.
The Board is working closely with its lenders in order to resolve
the position going forward.

Ongoing Financial Position

The Company continues to be dependent on the remittance of funds
from Rosemont Re to the Company for its ongoing financial
requirements, as has been the case since the Group's London
operations were closed down approximately two years ago.  The
approval of the Group's banks and, as stated above, the BMA is
required for the ongoing remittance of funds to take place,
restricting the Company's ongoing working capital position.

                        About the Company

GoshawK Insurance Holdings plc is a London-based holding company
which, through its subsidiary Rosemont Reinsurance Limited,
underwrites specialist reinsurance business for its clients
internationally.

For the year ended 31 December 2004, it reported loss after tax
of US$3 million compared to a loss after tax of US$108 million a
year earlier.  Together with reserve movements of US$4 million,
this represented a decrease of US$7 million in net assets, which
stand at US$172 million.

On September 6, GoshawK announced its preliminary net loss
estimate.  Since then, market loss estimates have nearly doubled
causing the company to increase its gross loss estimate by 30%
from US$99 million to US$130 million.  This resulted in an
increased net loss estimate for Katrina from a range of US$25
million to US$30 million to a revised total of US$60 million.

CONTACT:  GOSHAWK INSURANCE HOLDINGS PLC
          52 Jermyn Street
          London SW1Y 6LX
          Phone: +44 (0) 20 7499 2355
          Fax: +44 (0) 20 7491 7247
          Web site: http://www.goshawk.co.uk


GRASS ROOTS: EGM Passes Winding-up Resolution
---------------------------------------------
L. J. Milton, director of Grass Roots Management Limited, informs
that resolutions to wind up the company were passed at an EGM
held on Oct. 14 at Gable House, 239 Regents Park Road, Finchley,
London N3 3LF.  H.J. Sorsky was appointed liquidator.

CONTACT:  GRASS ROOTS MANAGEMENT LTD.
          71-73 High Street
          UK-Barnet, Herts. EN5 5UR
          England
          Phone: 0044 (0)208 447 49 20
          Fax: 0044 (0)208 441 73 85
          Mobile: 0044 (0)7976 357 963


HOLLYWOOD DVD: Meeting of Creditors Set Today
---------------------------------------------
Creditors of Hollywood DVD Limited (Company No 1700872) will meet
on November 7, 2005, 11 a.m. at Unity Corporate Recovery and
Insolvency, Clive House, Clive Street, Bolton, Lancashire BL1
1ET.

Creditors who want to be represented at the meeting may appoint
proxies.  Proxy forms must be submitted together with written
debt claims to Matthew Colin Bowker and Suzanne Payne of Unity
Corporate Recovery and Insolvency, Clive House, Clive Street,
Bolton, Lancashire BL1 1ET.

CONTACT:  UNITY CORPORATE RECOVERY AND INSOLVENCY
          Clive House
          Clive Street
          Bolton
          Lancashire BL1 1ET
          Phone: 01204 395000
          Fax: 01204 383999
          E-mail: matthewbowker@ubsg.co.uk


INFOSYSTEMS (EUROPE): Appoints Liquidator from Phillips & Co.
-------------------------------------------------------------
A. Makkar, chairman of Infosystems (Europe) Limited, informs that
the special resolution to wind up the company was passed at an
EGM held on Oct. 19 at Network House, Norreys Drive, Maidenhead,
Buckingham SL6 4FJ.  Helen Timothe Phillips of Phillips & Co,
21-23 Station Road, Gerrards Cross, Buckinghamshire SL9 8ES was
appointed liquidator.

Infosystems Europe Ltd. (Insys Europe) is the European subsidiary
of HCL Infosystems Ltd.  It operates from its office in London.
Insys Europe -- http://www.hclinfosystems.com/indexeuro.htm-- is
a software services organization.  Its customers include players
in IT, technology integration, finance, banking and telecom
segment.

CONTACT:  PHILLIPS & CO
          21/23 Station Road
          Gerrards Cross
          Buckinghamshire SL9 8ES
          Phone: 01753 883315
          Fax: 01753 886324
          E-mail: insol@phillipsinsolvency.co.uk


INTELLIGENT VISION: Goes into Liquidation
-----------------------------------------
N. L. Walker, director of Intelligent Vision Solutions Limited,
informs that resolutions to wind up the company were passed at an
EGM held on Oct. 12 at Comfort Inn Reading, Bath Road, Padworth,
Reading, Berkshire RG7 5HT.  Peter Anthony Jackson was appointed
liquidator.

Intelligent Vision Solutions Ltd. is into the electronic security
market.  It has installed security systems for Anglian Water,
Corby Borough Council, East Northamptonshire Council, Kettering
Borough Council, Leeds City Council, Malvern Hills District
Council, Northamptonshire Police, Oxfordshire County Council,
Worcester City Council, Wrexham City Council, Safeway PLC and
Waitrose.

CONTACT:  INTELLIGENT VISION SOLUTIONS LIMITED
          Red Barn Farm
          Woodstock Road
          Oxford
          Oxfordshire
          OX28JR
          Phone: 08451309999
          Fax: 08451309998


ISISGREEN LIMITED: Bar Operator Calls in PwC Administrator
----------------------------------------------------------
Company Names: ISISGREEN LIMITED
               (Company No 03178156)

               PARISA CAFE BARS LIMITED
               (Company No 04170051)

               SFI GROUP LIMITED
               (Company No 01946949)

               SFI HOLDINGS LIMITED
               (Company No 5095347)

               S & L (STONEY LANE) LIMITED
               (Company No 02981710)

               SLUG & LETTUCE LIMITED
               (Company No 02676949)

               THE SLUG & LETTUCE GROUP LIMITED
               (Company No 02676948)

M. J. A. Jervis, D. G. L. Hargrave and D. C. Chubb (IP Nos 8689,
9224, 9357) of PricewaterhouseCoopers LLP were appointed joint
administrators of these companies on June 23.  Its registered
office is at SFI House, 165 Church Street East, Woking, Surrey
GU21 1HJ.

CONTACT:  SFI GROUP LIMITED
          SFI House
          165 Church Street East
          Woking, Surrey GU21 6HJ
          Phone: 01483 227900
          Fax: 01483 227903
          Web site: http://www.sfigroup.co.uk/

          PRICEWATERHOUSECOOPERS LLP
          Plumtree Court
          London EC4A 4HT
          Phone: [44] (20) 7583 5000
          Fax:   [44] (20) 7822 4652
          Web site: http://www.pwc.com


LU CONTRACT: 16 Firms File for Liquidation
------------------------------------------
D. Shah, chairman of:

LU Contract One
LU Contract Two
LU Contract Three
LU Contract Four
LU Contract Five
LU Contract Six
LU Contract Seven
LU Contract Eight
LU Contract Nine
LU Contract Ten
LU Contract Eleven
LU Contract Twelve
LU Contract Thirteen
LU Contract Fourteen
LU Contract Fifteen
LU Contract Sixteen

informs that resolutions to wind up the company were passed at an
EGM held on Sept. 30 at 4 Shakespeare Road, London N3 1XE, on 30
September 2005.  Stewart Trevor Bennett and James Preston Bradney
of Berg Kaprow Lewis LLP, 35 Ballards Lane, London N3 1XW were
appointed joint liquidators.

CONTACT:  BERG KAPROW LEWIS LLP
          35 Ballards Lane,
          London N3 1XW
          Phone: 020 8922 9222
          Fax:   020 8922 9223
          Enquiry Line: 020 8922 9121
          Web site: http://www.bergkaprowlewis.co.uk


METALEN PRODUCTS: Calls in Elwell Watchorn Administrator
--------------------------------------------------------
Ronald Stanley Harding (IP No 2123) and David John Watchorn (IP
No 8686) of Elwell Watchorn and Saxton LLP were appointed joint
administrators of Metalen Products Limited (Company No 2511596)
on Oct. 24.  The company's registered office is at Winnowing
Barn, High Street, Sherington, Newport Pagnell, Buckinghamshire
MK16 9QP.

Metalen Hospitality Furnishings -- http://www.metalen.co.uk/--  
offers aluminum stacking chairs, handcrafted collection.

CONTACT:  METALEN PRODUCTS LTD.
          The Winnowing Barn
          High Street, Sherington
          Newport Pagnell MK16 9QP
          Buckinghamshire
          Phone: 01908 327100
          Fax: 01908 327101

          ELWELL WATCHORN & SAXTON
          Cumberland House,
          35 Park Row,
          Nottingham NG1 6EE
          Phone: (+44) 0115 988 6035
          Fax: (+44) 0115 988 6135 815121
          E-mail: office@ews-insolvency.co.uk
          Web site: http://www.ews-insolvency.co.uk

          ELWELL WATCHORN & SAXTON
          109 Swan Street,
          Sileby, Leicestershire, LE12 7NN
          Phone: (+44) 01509 815150
          Fax: (+44) 01509 815121
          E-mail: office@ews-insolvency.co.uk
          Web site: http://www.ews-insolvency.co.uk


METROK LIMITED: Administrators from Hacker Young Enter Firm
-----------------------------------------------------------
Andrew Andronikou and Ladislav Hornan (IP Nos 1253, 2059) of UHY
Hacker Young were appointed joint administrators of Metrok
Limited (Company No 05132717) on Oct. 25.

CONTACT:  UHY HACKER YOUNG
          St Alphage House,
          2 Fore Street, London EC2Y 5DH
          Phone: 020 7216 4600
          Fax: 020 7638 2159


MG ROVER: Nanjing Open to Approaches; Revival Talks Ongoing
-----------------------------------------------------------
Nanjing Automobile (Group) Corporation is in talks with at least
three potential partners about reviving MG Rover's Longbridge
operations, said the Financial Times.

Wang Qiujing, Nanjing vice president and head of British
operations, hopes to reach an agreement "as soon as possible."
He added the company is open to further approaches.

"We lack international experience.  We are the newcomers in the
global market and to guarantee this project will be successful,
we really need a partner," Mr. Wang said, adding Nanjing prefers
a British manufacturing partnership.

Partners need to agree to divide development cost with Nanjing,
give access to each other's market, and accept low-cost
components from China for assembly in Britain.  Mr. Wang said
Nanjing will not insist on a majority stake in any joint venture.

CONTACT:  MG ROVER GROUP LIMITED
          Longbridge, Bickenhill
          Birmingham
          B31 2TB, United Kingdom
          Phone: +44-121-475-2101
          Fax: +44-121-482-2403
          Web site: http://www1.mg-rover.com

          NANJING AUTOMOBILE (GROUP) CORPORATION
          General Management Division
          Phone: 86-25-3432671
          Fax: 86-25-3111295 3417873
          E-mail: bnj3111037@jlonline.com
          Web site: http://www.nanqi.com.cn


MIRROR PRINT: DTI Asks High Court to Liquidate Firm
---------------------------------------------------
The Department of Trade and Industry has filed a petition in the
High Court to wind up Mirror Print Solutions Limited, said
Creditman.

The Manchester-based company lured advertisers by coming up with
publications reportedly intended to benefit various schools and
charities.  The petition follows an investigation conducted by
the DTI's Companies Investigation Branch (CIB) under section 447
of the Companies Act 1985.

The Court has appointed the Official Receiver as provisional
liquidator of the company pending the hearing of the petition
scheduled for December 14, 2005.

CONTACT:  MIRROR PRINT SOLUTIONS LIMITED
          Hampton House, Oldham Road
          Middleton, Manchester

          THE OFFICIAL RECEIVER
          The Insolvency Service
          Public Interest Unit North
          PO Box 326
          17-21 Chorlton Street
          Manchester M60 3ZZ
          Phone: 0161 934 4182


MISYS PLC: Appoints New Non-executive Director
----------------------------------------------
Misys plc has appointed John G. King as non-executive Director
with immediate effect.  He will serve on the Audit, Remuneration
and Nomination Committees of the Board.

Mr. King has over 30 years experience in the U.S. healthcare
industry, most recently as President and CEO of Legacy Health
System of Portland, Oregon.  Prior to Legacy, he was President
and CEO of Evangelical Health Systems (now Advocate Health
Systems) in Illinois.

Mr. King is a past Chair of the American Hospital Association and
a Fellow of the American College of Healthcare Executives.  He is
also on the Board of the Center for Healthcare Governance and
Health Dialog and is a member of the Institute of Healthcare
Research and Development.

Non-executive Chairman Sir Dominic Cadbury said: "We are
delighted to welcome John to the Misys Board.  His work in a
range of major U.S. healthcare organizations provides a depth of
healthcare experience and expertise which will be hugely
advantageous to Misys."

John King, 66, joins non-executive Directors Tony Alexander, Sir
Dominic Cadbury, George Farr, John Ormerod, Al Noor Ramjii and Dr
Juergen Zech on the Misys Board.

                            *   *   *

In October, The Guardian reported Misys shareholders want a
speedy change in leadership at the software group, following an
unexpected profit warning in September.

The company has admitted that first-half performance at the
banking division will be adversely affected by two factors: a
delay in revenue recognition and the increased investment in the
business.  As a result, the company's earnings per share in the
first half are likely to fall below last year.  It also said that
any profit shortfall in the first half may not be fully recovered
in the second.

Following the profit warning, the Association of British Insurers
investment committee summoned Executive Chairman Kevin Lomax and
Sir Dominic to explain the company's situation and to know the
chairman's succession plans.  Mr. Lomax has expressed his
intentions to resign as executive chairman to serve as part-time
non-executive by 2008.

CONTACT:  MISYS PLC
          Burleigh House, Chapel Oak, Salford Priors,
          Evesham, WR11 8SP, United Kingdom
          Phone: 44 (0) 1386 871373
                 44 (0) 1386 871045
          E-mail: group.secretariat@misys.co.uk
          Web site: http://www.misys.com


MISYS PLC: Splits Chairman, Chief Executive Roles
-------------------------------------------------
Misys plc has disclosed that the roles of Chairman and Chief
Executive have been separated and that the Board has appointed
Sir Dominic Cadbury, currently Senior Independent Director, as
non-executive Chairman with immediate effect.  Kevin Lomax
continues as Chief Executive.

The Board's Nomination Committee will shortly begin the search
for Sir Dominic's long-term successor as non-executive Chairman,
a process which will be led by Sir Dominic and which is expected
to take some months.

As a consequence of these changes, John Ormerod will serve as
both Senior Independent Director and Audit Committee Chair.

Sir Dominic Cadbury said: "I am delighted to step up to the
Chairmanship for this period.  This will increase my day-to-day
involvement in Misys and enable me to provide full support to
Kevin Lomax and his team as they work to develop the full
potential of the business and create value for shareholders.

"Misys has great opportunities in the banking and healthcare
software markets.  The Board believes that continued investment
in the company's strong position in both these markets over the
long term is the best way to create value for shareholders."

Kevin Lomax said: "The separation of my roles now is right for
Misys.  I am fully committed to the business and focused on
delivering our strategy, building on our strong position in our
core markets and growing the business further."

Consistent with the company's focus on the major software markets
of banking and healthcare, the Board is considering options for
realizing shareholder value from the company's general insurance
business.  The sales process for Sesame is under way and an
Information Memorandum on the business has recently been issued
to interested parties.  Misys does not expect to issue any
further statement on these matters before its interim results.

CONTACT:  MISYS PLC
          Burleigh House, Chapel Oak, Salford Priors,
          Evesham, WR11 8SP, United Kingdom
          Phone: 44 (0) 1386 871373
                 44 (0) 1386 871045
          E-mail: group.secretariat@misys.co.uk
          Web site: http://www.misys.com


PETER COOK: Names Administrators from PricewaterhouseCoopers
------------------------------------------------------------Compa
ny Names: PETER COOK INTERNATIONAL PLC
               (Company No 01309498)

               PETER COOK INTERNATIONAL (WALES) LIMITED
               (Company No 02630174)

               PETER COOK INTERNATIONAL (TRENTSIDE) LIMITED
               (Company No 02391676)

Derek Anthony Howell and Robert Nicholas Lewis (IP Nos 6604,
9277) of PricewaterhouseCoopers LLP were appointed joint
administrators of these companies on Oct. 21.

Peter Cook International Plc markets component parts to the
upholstery and allied industries.  Peter Cook International
(Wales) Limited supplies component parts to the upholstery and
allied industries while Peter Cook International (Trentside)
Limited supplies materials and equipment to the upholstery trade.

CONTACT:  PETER COOK INTERNATIONAL PLC
          Black Bourton Road,
          Carterton, Oxfordshire OX18 3EU
          Phone: 01993842609

          PRICEWATERHOUSECOOPERS LLP
          31 Great George Street,
          Bristol BS1 5QD
          Phone: [44] (117) 929 1500
          Fax:   [44] (117) 929 0519
          Web site: http://www.pwc.com


QUALITY ENGINEERING: Members Decide to Wind up Firm
---------------------------------------------------
S. Horne, director of Quality Engineering Steels Limited, informs
that the special and ordinary resolutions to wind up the company
were passed at an EGM held on Oct. 26 at Hart Shaw, Europa Link,
Sheffield Business Park, Sheffield S9 1XU.  Andrew J. Maybery and
Christopher J. Brown of Hart Shaw were appointed liquidators.

CONTACT:  QUALITY ENGINEERING STEELS LIMITED
          Napier Works, Spencer Park,
          Rotherham, South Yorkshire S60 1RF
          Phone: 0114-242-3684

          HART SHAW
          Europa Link
          Sheffield Business Park
          Sheffield S9 1XU
          Phone: 0114 251 8850 or 01709 362001
          Fax: 0114 251 8851 or 01709 368590
          E-mails: chris.brown@hartshaw.co.uk
                   andrew.maybery@hartshaw.co.uk


QUALWELD LIMITED: Administrators from CLB Take over Company
-----------------------------------------------------------
Mark Terence Getliffe and Diane Elizabeth Hill (IP Nos 8892,
8945) of CLB Coopers were appointed joint administrators of
Qualweld Limited (Company No 3466267) on Oct. 20.  The company
supplies welding materials.  Mr. K. Stephens is its managing
director.

CONTACT:  QUALWELD LTD.
          435-437 St Helens Road
          Bolton BL3 3RT
          Lancashire
          Phone: 01204 654060
          Fax: 01204 658010

          CLB
          Century House,
          11 St Peters Square,
          Manchester M2 3DN
          Phone: 0161-245-1000
          Fax: 0161-245-1001
          E-mail: manchester@clb.co.uk
          Web site: http://www.clb.co.uk


RENTOKIL INITIAL: Q3 Profit Drops 21.3% to GBP53.3 Million
----------------------------------------------------------
Third quarter Highlights

(a) Q3 revenue up 5.3% over prior period and up 3.6% year-to-
    date at constant exchange rates; sales up in all business
    segments;

(b) Rate of profit deterioration slowing - at constant exchange
    rates business segment operating income down 7.5% in Q3
    versus last year and 9.4% lower year-to-date; H1 decline was
    10.5%;

(c) portfolio up 7.6% (annualized rate) in Q3 with better sales
    growth and lower terminations than H1;

(d) business improvement projects on track;

(e) business re-organized into six divisions to face its markets
    more effectively;

(f) recruitment of top management team now complete; and

(g) capital structure review completed.

              Report of Chief Executive Doug Flynn

We have made significant progress in reshaping Rentokil Initial
for the future, instituting detailed turnaround plans for a
number of important business operations, re-organizing the group
into six market facing divisions and completing the recruitment
of the top management team to take the business forward.  We have
also concluded how best to manage our capital structure for the
short- and medium-term.  Much hard work remains ahead of us and
we are realistic about the time it is likely to take to turn this
company around.

However, as I said at the interim results, we know what the
problems are and believe we have the tools to return the company
to the top of its sector.

Trading in the third quarter showed a continuation of the
positive trends evident towards the end of the first half.
Revenue increases were achieved across the board.  The rate of
decline in operating income slowed in many areas, although most
progress was made in lower margin activities and our largest
business, hygiene services, has yet to show improvement.  The
rate of margin regression also decelerated and margins were
higher in all businesses in the third quarter than the first
half.  The investment put in place to improve sales efficiency
and customer service is gradually taking effect and we were
pleased to see some successes in the quarter, including an
improvement in customer retention for U.K. pest control.

Despite tough economic conditions in a number of our markets, we
expect to see a continuation of these encouraging trends in the
remainder of the year and into the first half of 2006.
Thereafter, we anticipate a gradual acceleration in the rate of
improvement as our initiatives begin to take full effect.  We
remain on track to deliver the promises made at our interim
results presentation.

Strategic and Operational Turnaround

While in the first half we focused on analyzing the nature and
scale of the problems we face, during the third quarter our
priorities have been to develop and then implement plans to put
things right.  There have been three main areas of work.

Turnaround plans have been developed for five of our most
important operations and these have now been embedded in those
businesses.  In most cases the implementation phase of the
turnaround has commenced and will continue into 2006.  At
constant rates, these plans affect operations representing some
35% and 51% of the group's revenue and operating income (before
amortization of customer lists and exceptional items)
respectively.

Group Reorganization

On 1 September, the group was reorganized into the six divisions
detailed at the interims.  We believe this structure will enable
our businesses to face their markets and customers more
effectively.

Management Team

The senior management team who will lead the company forward is
now in place.  During the third quarter, our new CFO, HR Director
and Corporate Development Director all took up their posts and
other new appointments, most notably the managing directors of
the Asia Pacific and Pest Control/Plants divisions, were
announced.  The latter follows the decision of Ted Brown to
retire from the group.

The actions associated with these three areas -- formulating the
turnarounds, reorganizing the group and assembling the management
team -- are now largely complete and provide the necessary
foundations for the remaining high priority projects.

Third Quarter

Revenue for the group in the third quarter increased by 5.3% at
constant exchange rates and 6.6% at reported exchange rates to
GBP564.8 million.  Each of the business segments achieved revenue
growth in the quarter versus last year.  Operating income,
however, declined by 8.9% at constant exchange rates and by 7.5%
at reported exchange rates.  At constant exchange rates,
increases in manned guarding and facilities management services
were offset by declines in the other businesses.  Actual pre-tax
profit for the quarter fell by 21.3% to GBP53.3 million.  The
decreases in profit are largely attributable to: the investment
made to improve sales efficiency and customer service; one-off
costs associated with the business turnarounds; higher fuel costs
spread across the group; and exceptional costs incurred in
respect of the approach from Raphoe.  The additional investment
in sales and service only started to be incurred during the third
quarter of last year but is now fully in place, adversely
affecting the period-on-period comparison. This will continue to
be the case in the fourth quarter with a diminishing effect
thereafter.

Nine Months to Date

Year-to-date, group revenue increased by 3.6% at constant
exchange rates and by 4.4% at reported exchange rates with
increases recorded by all segments other than facilities
management services, which declined by 0.5%.  Operating income
for the period fell by 14.4% at constant exchange rates and 13.4%
at reported exchange rates with declines registered across the
board.  Actual profit before tax for the year-to-date fell by
36.0% for the reasons given above together with an exceptional
asset impairment charge in the first half related to the planned
exit from the U.K. linen and garments business and exceptional
costs in respect of the Raphoe defense.

Credit Rating and Capital Structure

Our current credit rating of BBB+ from Standard and Poor's is on
CreditWatch.  Subject to future conditions in the debt markets,
in the medium-term we expect to continue to target a stable BBB+
rating as we believe that this strikes an appropriate balance
between an efficient capital structure (as represented by a low
weighted average cost of capital), liquid access to the capital
markets and reasonable pricing.

However, in the immediate future, we believe that our business
and financial profile may not be consistent with our medium-term
target, albeit no worse than BBB flat.

The combination of our high payout ratio, and the requirement to
fund the pension deficit over the short to medium-term, means
that in our view the group does not currently have surplus
capital which could be returned to shareholders if a minimum BBB
credit rating is to be maintained with an appropriate degree of
headroom to avoid further ratings pressure.

A copy of the financial results is available free of charge at
http://bankrupt.com/misc/RentokilInitial(Q32005).pdf

CONTACT:  RENTOKIL INITIAL PLC
          Felcourt
          East Grinstead
          West Sussex RH19 2JY
          Phone: +44-1342-833-022
          Fax: +44-1342-326-229
          E-mail: pr@rentokil-initial.co.uk
          Web site: http://www.rentokil-initial.com


RENTOKIL INITIAL: Rating Cut to 'BBB'; Outlook Stable
-----------------------------------------------------
Standard & Poor's Ratings Services lowered its credit ratings on
U.K.-based business services company Rentokil Initial PLC and
related entity to 'BBB' from 'BBB+'.  At the same time, ratings
were removed from CreditWatch, where they had been placed with
negative implications on Sept. 9, 2005.  The outlook is stable.

"The lower ratings reflect Rentokil Initial's weaker than
expected business risk and financial risk profiles," said
Standard & Poor's credit analyst Alf Stenqvist.  "Operating
performance has weakened over the past few years, and management
faces challenges in improving this."

There is also a risk that the group's increased focus on
acquisitions could distract management from its work on internal
efficiency improvements.

"The weaker financial profile is the result of the lower than
expected operating cash flows, and the risk that cash flows from
acquisitions would not offset expected increased debt levels,"
added Mr. Stenqvist.  Credit measures are therefore likely to be
more commensurate with a 'BBB' rating, in view, also, of the
weaker than expected business risk profile.

At June 30, 2005, the company had net debt of about GBP1.2
billion ($2.2 billion), and unfunded postretirement liabilities
of about GBP320 million.

Standard & Poor's expects that the decline in operating
performance and contract termination rates will bottom out in
2005.  Acquisitions are expected to be within the group's core
areas and to not materially change the business risk profile.

Ratings information is available to subscribers of RatingsDirect
at http://www.ratingsdirect.com It can also be found at
http://www.standardandpoors.com Alternatively, call one of the
following Standard & Poor's numbers: Client Support Europe (44)
20-7176-7176; London Press Office Hotline (44) 20-7176-3605;
Paris (33) 1-4420-6708; Frankfurt (49) 69-33-999-225; Stockholm
(46) 8-440-5916; or Moscow (7) 095-783-4017.  Members of the
media may also contact the European Press Office via e-mail on:
media_europe@standardandpoors.com

CONTACT:  RENTOKIL INITIAL PLC
          Felcourt
          East Grinstead
          West Sussex RH19 2JY
          Phone: +44-1342-833-022
          Fax: +44-1342-326-229
          E-mail: pr@rentokil-initial.co.uk
          Web site: http://www.rentokil-initial.com


SOLUTIONS E2: Files for Liquidation
-----------------------------------
C. Debrick, chairman of Solutions E2 Ltd., informs that
resolutions to wind up the company were passed at an EGM held on
Oct. 13 at BN Jackson Norton, 1 Gray's Inn Square, Gray's Inn,
London WC1R 5AA.

Michael Colin John Sanders of BN Jackson Norton, 1 Gray's Inn
Square, Gray's Inn, London WC1R 5AA was appointed liquidator.

Solutions E2 -- http://www.solutionse2.com-- is a one-stop
turnkey company providing refurbishing, finishing, fabrication
and maintenance services to the transport industry.  It was
founded in 2001 by Chris Debrick and, since its launch, has built
up a large portfolio of major international clients.

The company is being reorganized into three divisions: rail, sea
and air.  A sister company, based in New Zealand, has also been
set up to serve the Southern Hemisphere.

CONTACT:  SOLUTIONS E2 LTD.
          Unit 22
          Riverside Industrial Estate
          Rapier Street
          Ipswich
          Suffolk IP2 8JX
          England
          Phone: +44 (0)1473 604024
          Fax: +44 (0)1473 604493
          E-mail: enquiries@solutionse2.com


STAIR & COMPANY: Liquidator from Moore Stephens Enters Firm
-----------------------------------------------------------
D. Murdock, the director of Stair & Company Limited, informs that
the special, ordinary and extraordinary resolutions to wind up
the company were passed at an EGM held on Oct. 14 at 10900
Wilshire Boulevard, Los Angeles, California.  Jeremy Willmont and
Phillip Rodney Sykes of Moore Stephens, 1 Snow Hill, London EC1A
2DH were appointed joint liquidators.

                            *   *   *

Established in 1911, Stair & Company specializes in 18th century
English furniture and decorative pieces.

CONTACT:  STAIR & COMPANY
          14 Mount Street,
          London W1K 2RF
          Phone: 020 7499 1784

          MOORE STEPHENS
          1 Snow Hill,
          London EC1A 2EN
          Phone: 020 7334 9191
          Fax:   020 7248 3408
          Web site: http://www.moorestephens.co.uk


STEADBERRY (1991): Calls in Liquidator
--------------------------------------
J. Barrett, the director of Steadberry (1991) Limited, informs
that the special resolution to wind up the company was passed at
an EGM held on Oct. 19 at Gable House, 239 Regents Park Road,
Finchley, London N3 3LF.  M. S. E. Solomons was appointed
liquidator.

CONTACT:  STEADBERRY (1991) LTD.
          2 Carron Mead, South Woodham Ferrers,
          Chelmsford, Essex CM3 5GH
          Phone: 01245 324021

          SPW POPPLETON & APPLEBY
          Gable House
          239 Regents Park Road
          London N3 3LF
          Phone: 020 8371 5000
          Fax: 020 8346 8588
          E-mail: mike@spwca.com


SYNTHESIS GROUP: Names Tenon Recovery Liquidator
------------------------------------------------
N. Fraser, chairman of Synthesis Group Limited, informs that
resolutions to wind up the company were passed at an EGM held on
Oct. 14 at One Royal Terrace, Edinburgh EH7 5AD.

Thomas Campbell MacLennan of Tenon Recovery, One Royal Terrace,
Edinburgh EH7 5AD was appointed liquidator.

CONTACT:  TENON SCOTLAND
          1 Royal Terrace
          Edinburgh
          Lothian EH7 5AD
          Phone: 0131 557 4455
          Fax: 0131 556 0662
          E-mail: tom.maclennan@tenongroup.com


U.K. COAL: Consortium Drops Bid Plans
-------------------------------------
The board of U.K. Coal plc has disclosed that following meetings
with certain members of the Consortium (being Alchemy Partners
LLP, Morston Assets Limited and the Buccleuch Group), it has been
notified that the Consortium and its individual members do not
intend to make an offer for the Company.

The Consortium's position and that of its individual members may
be set aside in the following instances: (a) the announcement of
an offer by a third party for the Company; or (b) the
announcement by the Company of a whitewash proposal or of a
reverse takeover; or (c) the agreement or recommendation of the
board of the Company.

This announcement has been made with the consent of the
Consortium and its individual members.

                        About The Company

U.K. Coal sprang from the remains of British Coal after the
latter's sale in 1994 to RJB for GBP815 million.  It was renamed
U.K. Coal after the departure of RJB boss Richard Budge in 2001.
Its market valuation is about GBP185 million.

The company lost GBP51.6 million last financial year as output
fell.  It produced 14 million of coal last year, well below 1995
when it produced 37 million tons.  The Doncaster-based company
mines more than 60% of the coal produced in the U.K.  U.K. Coal
sold production forward under contract, causing it to miss out on
soaring coal prices driven by the industrialization of China.

CONTACT:  U.K. COAL PLC
          Harworth Park, Blyth Rd., Harworth
          Doncaster
          South Yorkshire DN11 8DB, United Kingdom
          Phone: +44-1302-751751
          Fax: +44-1302-752420
          Web site: http://www.ukcoal.com


UNIVERSAL TRANSFORMERS: Appoints Administrator
----------------------------------------------
Michael Chamberlain and Andrew Wilkinson (IP Nos 8735, 9344) of
Chamberlain & Co. were appointed joint administrators of
Universal Transformers Limited (Company No 03720799) on Oct. 21.

The company -- http://www.universaltransformersltd.co.uk--  
supplies components to lighting manufacturers, lighting
specialists and electrical wholesalers.  It has been in the U.K.
lighting market since 1986.  As part of Hi-Tec Lighting Plc,
Universal pioneered the development and manufacture of low
voltage transformers in the U.K.  It has a manufacturing plant in
Co. Durham.

CONTACT:  UNIVERSAL TRANSFORMERS
          20 North Field Way
          Newton Aycliffe
          Durham DL5 6UD
          Phone: 01325 317429
          Fax: 01325 311081

          CHAMBERLAIN & CO
          Aireside House
          24/26 Aire Street
          Leeds
          West Yorkshire LS1 4HT
          Phone: 0113 242 0808
          Fax: 0113 242 0866
          E-mail: mail@chamberlain-co.co.uk


WILLOWDOME LIMITED: Advertising Firm Liquidates
-----------------------------------------------
Mr. Clayton, director of Willowdome Limited, informs that
resolutions to wind up the company were passed at an EGM held on
Oct. 12 at West Lancs Investment Centre, Skelmersdale, Lancashire
WN8 9TG.

Gordon Craig and Daniel P. Hennessy of Cresswell Associates
Limited, West Lancs Investment Centre, White Moss Business Park,
Skelmersdale, Lancashire WN8 9TG were appointed Joint
Liquidators.

The resolutions were approved at a creditors meeting held on the
same day.

Willowdome -- http://www.willowdome.com/-address-tel.htm--  
offers advertising services, including T.V. advertising across
the Republic of Ireland and traditional paper advertising.  It
maintains over 100 sites and have over 1000 advertising clients
from its U.K. base.

CONTACT:  WILLOWDOME LIMITED
          Unit 13 Aldon Road,
          Poulton Industrial Estate,
          Poulton-Le-Fylde,
          FY6 8JL
          Lancashire
          England
          Phone: +44 (0) 1253 896669
          Fax: +44 (0) 1253 896747
          E-mail: sales@willowdome.com


WILTON GRAPHICS: EGM Passes Winding-up Resolution
-------------------------------------------------
G. J. McCarthy, director of Wilton Graphics Limited, informs that
resolutions to wind up the company were passed at an EGM held on
Oct. 13 at 1640 Parkway, Solent Business Park, Whiteley, Fareham,
Hampshire PO15 7AH.

Peter Robin Bacon and Carl Derek Faulds of Portland Business &
Financial Solutions Ltd., 1640 Parkway, Solent Business Park,
Whiteley, Fareham, Hampshire PO15 7AH were appointed Joint
Liquidators.

CONTACT:  WILTON GRAPHICS LIMITED
          Harnham Trading Est, Salisbury, SP2 8NW
          Phone: 01722 320300

          PORTLAND BUSINESS & FINANCIAL SOLUTIONS LTD.
          1640 Parkway
          Solent Business Park
          Whiteley
          Fareham
          Hampshire PO15 7AH
          Phone: 01489 550 440
          E-mails: carl.faulds@portland-solutions.co.uk
                   james.tickell@portland-solutions.co.uk


WYATTS OF THETFORD: Goes into Liquidation
-----------------------------------------
J. E. Nicholls, chairman of Wyatts Of Thetford Ltd., informs that
a resolution to wind up the company was passed at an EGM held on
Oct. 12 at Towlers Court, 30A Elm Hill, Norwich, Norfolk NR3 1HG.

Peter Anthony Johnson of Johnson Holmes & Co, 30A Elm Hill,
Norwich NR3 1HG was appointed liquidator.

CONTACT:  WYATTS OF THETFORD LTD.
          16 Burrell Way, Thetford, Norfolk IP24 3QS
          Phone: 01842753750


YELLOW ROSE: Textile Firm Winds up
----------------------------------
The Yellow Rose Textiles Ltd. informs that a resolution to wind
up the company was passed at an EGM held on Sept. 22 at 14 Gravel
Lane, London E1 7AW.

Melvyn L. Rose of Elliot, Woolfe & Rose, 1st Floor, Equity House,
128-136 High Street, Edgware, Middlesex HA8 7TT was appointed
liquidator.

CONTACT:  THE YELLOW ROSE TEXTILES LTD.
          14 Gravel Lane, LONDON E1 7AW

          Phone: 020-7377-8665

          ELLIOT WOOLFE & ROSE
          1st Floor
          Equity House
          128/136 High Street
          Edgware
          Middlesex HA8 7TT
          Phone: 020 8952 0707
          Fax: 020 8952 2332
          E-mail: mlr@ewr.co.uk


YOOKAY LIMITED: Calls in Liquidator
-----------------------------------
S. Javed, director of Yookay Ltd., informs that resolutions to
wind up the company were passed at an EGM held on Oct. 12 at 35
Waters Edge Business Park, Modwen Road, Manchester M5 3EZ.

John C. Sallabank and Paul R. Boyle, of Harrisons, 35 Waters Edge
Business Park, Modwen Road, Manchester M5 3EZ were appointed
Joint Liquidators.

CONTACT:  YOOKAY LTD.
          15 Greycoat Place, London,
          Gtr London,
          SW1P 1SB.
          Phone: 020 7222 2291

          HARRISONS
          35 Water Edge Business Park,
          Modwen Road, Manchester M5 3EZ
          Phone: 0161 876 4567
          Fax:   0161 876 4554
          E-mail: info@harrisons.uk.com
          Web site: http://www.harrisons.uk.com


                            *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter -- Europe is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA.  Larri-Nil Veloso, Ma. Cristina Canson, Liv Arcipe,
Julybien Atadero and Jay Malaga, Editors.

Copyright 2005.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
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Information contained herein is obtained from sources believed to
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                 * * * End of Transmission * * *